OPAL Fuels (NASDAQ:OPAL) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of OPAL Fuels (NASDAQ:OPAL) from a sell rating to a hold rating in a research report released on Saturday.

OPAL has been the subject of several other research reports. Johnson Rice cut OPAL Fuels from a “strong-buy” rating to a “hold” rating and cut their target price for the stock from $4.00 to $3.00 in a research note on Tuesday, July 22nd. UBS Group cut OPAL Fuels from a “strong-buy” rating to a “hold” rating and lowered their price target for the stock from $3.50 to $2.75 in a report on Wednesday, July 23rd. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research report on Thursday. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $2.81.

OPAL Fuels Stock Performance

NASDAQ:OPAL opened at $2.38 on Friday. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.12. The firm has a market capitalization of $412.69 million, a price-to-earnings ratio of 119.06 and a beta of 1.07. The company’s 50-day moving average is $2.37 and its two-hundred day moving average is $2.50. OPAL Fuels has a 1-year low of $1.26 and a 1-year high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The firm had revenue of $83.36 million for the quarter, compared to analyst estimates of $98.03 million. OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 1.02%. Analysts forecast that OPAL Fuels will post 0.8 EPS for the current year.

Insider Transactions at OPAL Fuels

In other news, CEO Adam Comora bought 18,256 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $2.32 per share, for a total transaction of $42,353.92. Following the acquisition, the chief executive officer directly owned 254,517 shares of the company’s stock, valued at $590,479.44. The trade was a 7.73% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 84.57% of the company’s stock.

Institutional Trading of OPAL Fuels

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in shares of OPAL Fuels by 125.5% in the third quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock valued at $6,463,000 after purchasing an additional 1,634,645 shares during the period. SCS Capital Management LLC purchased a new stake in OPAL Fuels during the 1st quarter worth approximately $683,000. Geode Capital Management LLC lifted its holdings in OPAL Fuels by 91.5% during the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after buying an additional 243,399 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in OPAL Fuels during the 2nd quarter worth approximately $585,000. Finally, Inspire Investing LLC boosted its position in OPAL Fuels by 64.2% in the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock valued at $359,000 after buying an additional 76,267 shares during the period. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

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.