UBS Group Lowers OPAL Fuels (NASDAQ:OPAL) Price Target to $3.50

OPAL Fuels (NASDAQ:OPAL) had its price objective lowered by UBS Group from $7.00 to $3.50 in a research report released on Monday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Separately, The Goldman Sachs Group decreased their price target on OPAL Fuels from $3.90 to $3.40 and set a “sell” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, OPAL Fuels has a consensus rating of “Hold” and an average price target of $5.70.

OPAL Fuels Stock Performance

NASDAQ:OPAL opened at $2.02 on Monday. The company has a market cap of $349.11 million, a PE ratio of 11.22 and a beta of 0.56. OPAL Fuels has a 52-week low of $1.89 and a 52-week high of $5.18. The stock has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $3.33.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data 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 firm had revenue of $80.02 million for the quarter, compared to the consensus estimate of $90.94 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. On average, research analysts predict that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OPAL. Geode Capital Management LLC boosted 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 acquiring an additional 5,327 shares during the period. Squarepoint Ops LLC boosted its stake in shares of OPAL Fuels by 20.2% during the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock worth $108,000 after acquiring an additional 5,377 shares during the period. Janus Henderson Group PLC boosted its stake in shares of OPAL Fuels by 83.5% during the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after acquiring an additional 9,885 shares during the period. Ardsley Advisory Partners LP boosted its stake 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 during the period. Finally, Levin Capital Strategies L.P. boosted its stake in shares of OPAL Fuels by 250.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after acquiring an additional 25,000 shares during the period. 12.16% of the stock is currently owned by institutional investors.

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.