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

OPAL Fuels (NASDAQ:OPAL) had its price objective lowered by The Goldman Sachs Group from $3.40 to $2.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Separately, UBS Group dropped their price target on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.70.

OPAL Fuels Stock Down 5.2 %

OPAL opened at $1.99 on Tuesday. The firm has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $3.34. OPAL Fuels has a 52 week low of $1.89 and a 52 week high of $5.18. The company has a market capitalization of $343.93 million, a PE ratio of 11.06 and a beta of 0.56.

OPAL Fuels (NASDAQ:OPAL) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 company had revenue of $80.02 million for the quarter, compared to the consensus estimate of $90.94 million. As a group, sell-side analysts expect that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPAL. GSA Capital Partners LLP grew its position in OPAL Fuels by 69.3% in the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after acquiring an additional 39,325 shares in the last quarter. Janus Henderson Group PLC boosted 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 buying an additional 9,885 shares during the period. Yaupon Capital Management LP boosted its position in shares of OPAL Fuels by 17.0% during the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock valued at $2,555,000 after buying an additional 101,955 shares during the period. Geode Capital Management LLC boosted its position in shares of OPAL Fuels by 19.1% during the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock valued at $940,000 after buying an additional 41,250 shares during the period. Finally, Levin Capital Strategies L.P. boosted its position in shares of OPAL Fuels by 250.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock valued at $119,000 after buying an additional 25,000 shares during the period. Hedge funds and other 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.