UBS Group Has Lowered Expectations for OPAL Fuels (NASDAQ:OPAL) Stock Price

OPAL Fuels (NASDAQ:OPAL) had its target price reduced by analysts at UBS Group from $7.00 to $3.50 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 71.99% from the company’s previous close.

Separately, The Goldman Sachs Group cut their price target on shares of 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.98.

OPAL Fuels Price Performance

Shares of OPAL traded up $0.15 during midday trading on Monday, hitting $2.04. The stock had a trading volume of 33,787 shares, compared to its average volume of 122,484. The firm has a market cap of $351.71 million, a price-to-earnings ratio of 11.31 and a beta of 0.56. The company has a 50 day simple moving average of $2.91 and a two-hundred day simple moving average of $3.36. OPAL Fuels has a twelve month low of $1.89 and a twelve month 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.49). The business had revenue of $80.02 million during the quarter, compared to analyst estimates of $90.94 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. Analysts forecast that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its position in shares of OPAL Fuels by 83.5% during 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 in the last quarter. Squarepoint Ops LLC lifted its position 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 buying an additional 5,377 shares in the last quarter. Levin Capital Strategies L.P. boosted its stake in shares of OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after buying an additional 25,000 shares during the last quarter. Jane Street Group LLC bought a new position in shares of OPAL Fuels in the fourth quarter valued at approximately $238,000. Finally, GSA Capital Partners LLP increased its position in shares of OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after acquiring an additional 39,325 shares during the last quarter. Institutional investors and hedge funds 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.