OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.90.
Several research analysts have issued reports on the company. UBS Group dropped their price target on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 9th. The Goldman Sachs Group lowered their price objective on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a research report on Friday, August 9th. B. Riley reissued a “buy” rating and set a $10.00 target price on shares of OPAL Fuels in a research note on Friday, June 7th. Finally, Scotiabank downgraded shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $8.00 to $5.00 in a research note on Tuesday, September 3rd.
Read Our Latest Analysis on OPAL Fuels
Hedge Funds Weigh In On OPAL Fuels
OPAL Fuels Stock Performance
NASDAQ OPAL opened at $3.30 on Wednesday. The stock has a market capitalization of $570.31 million, a P/E ratio of 4.40 and a beta of 0.49. OPAL Fuels has a 1 year low of $3.04 and a 1 year high of $8.46. The business’s fifty day moving average is $3.82 and its two-hundred day moving average is $4.40.
OPAL Fuels (NASDAQ:OPAL – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $70.95 million for the quarter, compared to analysts’ expectations of $80.68 million. OPAL Fuels had a negative return on equity of 2.14% and a net margin of 2.50%. On average, research analysts forecast that OPAL Fuels will post 0.57 earnings per share for the current year.
OPAL Fuels Company Profile
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.
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