UBS Group Cuts OPAL Fuels (NASDAQ:OPAL) Price Target to $7.50

OPAL Fuels (NASDAQ:OPAL) had its price objective lowered by UBS Group from $8.00 to $7.50 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 110.67% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Scotiabank dropped their target price on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. B. Riley reiterated a “buy” rating and issued a $10.00 target price on shares of OPAL Fuels in a research note on Friday, June 7th. Finally, Piper Sandler dropped their price target on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.40.

OPAL Fuels Stock Performance

OPAL Fuels stock traded down $0.12 during trading on Friday, reaching $3.56. The company had a trading volume of 151,139 shares, compared to its average volume of 79,449. OPAL Fuels has a 12-month low of $3.51 and a 12-month high of $8.46. The stock’s 50 day moving average price is $4.16 and its two-hundred day moving average price is $4.60. The firm has a market capitalization of $614.04 million, a price-to-earnings ratio of 4.75 and a beta of 0.50.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $64.95 million during the quarter, compared to the consensus estimate of $85.18 million. OPAL Fuels had a negative return on equity of 1.06% and a net margin of 9.23%. During the same quarter in the previous year, the business posted ($0.06) earnings per share. As a group, research analysts expect that OPAL Fuels will post 0.57 earnings per share for the current year.

Insider Activity

In other OPAL Fuels news, Director Scott V. Dols purchased 11,192 shares of the business’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $5.06 per share, with a total value of $56,631.52. Following the acquisition, the director now directly owns 34,823 shares of the company’s stock, valued at approximately $176,204.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Scott V. Dols purchased 11,192 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $5.06 per share, for a total transaction of $56,631.52. Following the completion of the transaction, the director now owns 34,823 shares of the company’s stock, valued at $176,204.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anthony Falbo sold 9,621 shares of OPAL Fuels stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total value of $47,046.69. The disclosure for this sale can be found here. 84.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OPAL Fuels

Institutional investors have recently bought and sold shares of the stock. DAVENPORT & Co LLC purchased a new stake in OPAL Fuels during the 4th quarter worth about $61,000. Yarra Square Partners LP raised its stake in OPAL Fuels by 18.9% during the fourth quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock valued at $1,733,000 after buying an additional 50,000 shares during the last quarter. Grizzlyrock Capital LLC purchased a new position in OPAL Fuels during the fourth quarter valued at $4,611,000. Vanguard Group Inc. raised its stake in shares of OPAL Fuels by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock worth $8,407,000 after purchasing an additional 86,531 shares during the last quarter. Finally, Levin Capital Strategies L.P. purchased a new stake in OPAL Fuels during the first quarter valued at $136,000. Institutional investors own 12.16% of the company’s stock.

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.