The Goldman Sachs Group Has Lowered Expectations for OPAL Fuels (NASDAQ:OPAL) Stock Price

OPAL Fuels (NASDAQ:OPAL) had its price target reduced by equities research analysts at The Goldman Sachs Group from $3.40 to $2.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 0.99% from the stock’s current price.

Separately, UBS Group lowered their target price on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.70.

OPAL Fuels Stock Up 1.5 %

OPAL opened at $2.02 on Tuesday. The firm has a market capitalization of $349.11 million, a P/E ratio of 11.22 and a beta of 0.56. The stock’s 50 day moving average price is $2.83 and its two-hundred day moving average price is $3.33. OPAL Fuels has a 12-month low of $1.89 and a 12-month high of $5.18.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Thursday, March 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.49). The business had revenue of $80.02 million during the quarter, compared to analyst estimates of $90.94 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. As a group, analysts anticipate that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Trading of OPAL Fuels

A number of hedge funds have recently modified their holdings of OPAL. Invesco Ltd. lifted its position in shares of OPAL Fuels by 22.5% in the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock worth $4,904,000 after acquiring an additional 265,762 shares during the period. Marshall Wace LLP bought a new position in shares of OPAL Fuels during the 4th quarter worth approximately $389,000. Russell Investments Group Ltd. lifted its position in shares of OPAL Fuels by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock worth $1,708,000 after buying an additional 113,034 shares during the period. Yaupon Capital Management LP lifted its position in shares of OPAL Fuels by 17.0% during the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock worth $2,555,000 after buying an additional 101,955 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of OPAL Fuels during the 4th quarter worth approximately $238,000. Institutional investors own 12.16% of the company’s stock.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.