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

OPAL Fuels (NASDAQ:OPAL) had its price target decreased by equities researchers at The Goldman Sachs Group from $3.40 to $2.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 0.25% from the stock’s previous close.

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

OPAL Fuels Stock Down 4.5 %

Shares of OPAL Fuels stock traded down $0.10 during trading hours on Tuesday, reaching $2.01. 86,988 shares of the stock traded hands, compared to its average volume of 124,904. The company has a 50 day moving average price of $2.89 and a 200 day moving average price of $3.35. OPAL Fuels has a one year low of $1.89 and a one year high of $5.18. The firm has a market capitalization of $346.52 million, a price-to-earnings ratio of 11.14 and a beta of 0.56.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC boosted its stake in OPAL Fuels by 20.2% during the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock valued at $108,000 after buying an additional 5,377 shares during the last quarter. Ardsley Advisory Partners LP raised its holdings in shares of OPAL Fuels by 20.0% during the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company’s stock worth $508,000 after acquiring an additional 25,000 shares in the last quarter. Jane Street Group LLC bought a new position in shares of OPAL Fuels during the 4th quarter valued at approximately $238,000. Marshall Wace LLP purchased a new position in shares of OPAL Fuels in the fourth quarter valued at $389,000. Finally, Invesco Ltd. increased its position in OPAL Fuels by 22.5% in the fourth quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock worth $4,904,000 after purchasing an additional 265,762 shares during the last quarter. Hedge funds and other 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.