OPAL Fuels (NASDAQ:OPAL) Price Target Cut to $3.50 by Analysts at Scotiabank

OPAL Fuels (NASDAQ:OPAL) had its price target reduced by Scotiabank from $5.00 to $3.50 in a research report sent to investors on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

OPAL has been the topic of a number of other reports. The Goldman Sachs Group dropped their price target on shares of OPAL Fuels from $3.40 to $2.00 and set a “sell” rating on the stock in a research report on Tuesday, March 18th. UBS Group cut their price objective on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, OPAL Fuels presently has a consensus rating of “Hold” and an average target price of $5.40.

OPAL Fuels Stock Down 0.7 %

Shares of NASDAQ:OPAL opened at $1.36 on Friday. The company has a market cap of $235.05 million, a PE ratio of 7.56 and a beta of 0.69. The firm has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $3.09. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $5.18.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.49). The firm had revenue of $80.02 million during the quarter, compared to the consensus estimate 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, research analysts forecast that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPAL. Geode Capital Management LLC increased its stake in shares of OPAL Fuels by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 262,876 shares of the company’s stock worth $891,000 after purchasing an additional 5,327 shares during the last quarter. Squarepoint Ops LLC increased its position in OPAL Fuels by 20.2% during the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock worth $108,000 after buying an additional 5,377 shares during the last quarter. Janus Henderson Group PLC increased its position in OPAL Fuels by 83.5% during the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after buying an additional 9,885 shares during the last quarter. Ardsley Advisory Partners LP lifted its position in shares of OPAL Fuels by 20.0% in the fourth quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company’s stock worth $508,000 after buying an additional 25,000 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its holdings in OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors own 12.16% of the company’s stock.

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.