OPAL Fuels (NASDAQ:OPAL) Director Scott Mcdougald Sutton Buys 50,000 Shares

OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott Mcdougald Sutton bought 50,000 shares of OPAL Fuels stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $97,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $1.91 on Tuesday. The stock has a market cap of $331.19 million, a PE ratio of 27.29 and a beta of 0.77. The company has a current ratio of 2.20, a quick ratio of 2.07 and a debt-to-equity ratio of 23.21. OPAL Fuels Inc. has a twelve month low of $1.65 and a twelve month high of $3.40. The stock has a fifty day simple moving average of $2.23 and a 200-day simple moving average of $2.30.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.16). The company had revenue of $73.38 million during the quarter, compared to analysts’ expectations of $93.87 million. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. Equities analysts anticipate that OPAL Fuels Inc. will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new stake in OPAL Fuels during the 1st quarter worth approximately $29,000. Bank of New York Mellon Corp boosted its position in OPAL Fuels by 18.6% in the 1st quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock valued at $105,000 after buying an additional 6,548 shares during the period. Inspire Investing LLC purchased a new position in OPAL Fuels in the 1st quarter valued at approximately $554,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of OPAL Fuels in the fourth quarter worth $742,000. Finally, Virtu Financial LLC grew its stake in shares of OPAL Fuels by 39.1% in the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock worth $73,000 after acquiring an additional 8,719 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OPAL shares. The Goldman Sachs Group increased their price objective on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research report on Tuesday, March 17th. Weiss Ratings lowered OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded OPAL Fuels from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, OPAL Fuels has a consensus rating of “Reduce” and a consensus price target of $2.72.

OPAL Fuels Company Profile

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.