The Goldman Sachs Group Lowers OPAL Fuels (NASDAQ:OPAL) Price Target to $2.00

OPAL Fuels (NASDAQ:OPAL) had its price objective decreased by analysts at The Goldman Sachs Group from $3.40 to $2.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 0.25% from the company’s current price.

Separately, UBS Group decreased their price objective on shares of OPAL Fuels from $7.00 to $3.50 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, OPAL Fuels has an average rating of “Hold” and an average price target of $5.70.

OPAL Fuels Price Performance

Shares of OPAL Fuels stock traded down $0.10 on Tuesday, reaching $2.01. The company had a trading volume of 86,988 shares, compared to its average volume of 124,904. The firm has a market cap of $346.52 million, a price-to-earnings ratio of 11.14 and a beta of 0.56. The firm’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $3.35. OPAL Fuels has a 1 year low of $1.89 and a 1 year high of $5.18.

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

Institutional Investors Weigh In On OPAL Fuels

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its stake in OPAL Fuels by 22.5% in the fourth quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock valued at $4,904,000 after buying an additional 265,762 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of OPAL Fuels in the 4th quarter valued at about $389,000. Russell Investments Group Ltd. raised its stake in shares of OPAL Fuels by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock worth $1,708,000 after buying an additional 113,034 shares during the period. Yaupon Capital Management LP grew its position in shares of OPAL Fuels by 17.0% in the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock valued at $2,555,000 after purchasing an additional 101,955 shares during the period. Finally, Jane Street Group LLC purchased a new stake in OPAL Fuels during the 4th quarter worth approximately $238,000. 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.