Insider Buying: OPAL Fuels (NASDAQ:OPAL) Director Purchases $15,892.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPALGet Free Report) Director Scott Dols acquired 7,946 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $2.00 per share, for a total transaction of $15,892.00. Following the completion of the purchase, the director owned 245,672 shares of the company’s stock, valued at approximately $491,344. This represents a 3.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

OPAL Fuels Stock Performance

OPAL stock opened at $2.16 on Friday. The company has a market capitalization of $374.54 million, a P/E ratio of 30.86 and a beta of 0.76. The company has a 50-day simple moving average of $2.29 and a 200 day simple moving average of $2.32. OPAL Fuels Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $4.08. The company has a quick ratio of 2.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21.

OPAL Fuels (NASDAQ:OPALGet Free Report) last posted its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) earnings per share 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 analyst estimates of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%. Sell-side analysts predict that OPAL Fuels Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in OPAL Fuels by 18.6% in the first quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock worth $105,000 after acquiring an additional 6,548 shares in the last quarter. Virtu Financial LLC raised its position in 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. Wells Fargo & Company MN raised its position in OPAL Fuels by 73.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,197 shares of the company’s stock worth $55,000 after acquiring an additional 9,801 shares in the last quarter. Engineers Gate Manager LP bought a new stake in OPAL Fuels in the second quarter worth about $27,000. Finally, Mariner LLC bought a new stake in OPAL Fuels in the fourth quarter worth about $27,000. 12.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

View Our Latest Research Report on OPAL Fuels

About OPAL Fuels

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for OPAL Fuels (NASDAQ:OPAL)

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