OPAL Fuels (NASDAQ:OPAL) Price Target Lowered to $3.40 at The Goldman Sachs Group

OPAL Fuels (NASDAQ:OPAL) had its target price decreased by The Goldman Sachs Group from $3.90 to $3.40 in a research report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

OPAL Fuels Price Performance

NASDAQ:OPAL opened at $3.16 on Thursday. OPAL Fuels has a one year low of $2.96 and a one year high of $5.18. The company has a market cap of $546.14 million, a PE ratio of 17.56 and a beta of 0.54. The firm has a 50-day moving average of $3.44 and a 200-day moving average of $3.64.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The company had revenue of $84.05 million for the quarter, compared to the consensus estimate of $88.80 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, equities research analysts expect that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

Several large investors have recently bought and sold shares of OPAL. Janus Henderson Group PLC raised its holdings in shares of OPAL Fuels by 83.5% in the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after purchasing an additional 9,885 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in OPAL Fuels in the 2nd quarter worth about $93,000. GSA Capital Partners LLP increased its stake in OPAL Fuels by 69.3% in the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after buying an additional 39,325 shares during the last quarter. Marshall Wace LLP bought a new position in shares of OPAL Fuels during the 2nd quarter worth approximately $389,000. Finally, Inspire Investing LLC purchased a new position in shares of OPAL Fuels in the 3rd quarter worth approximately $430,000. 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.