OPAL Fuels (NASDAQ:OPAL – Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13), FiscalAI reports. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The company had revenue of $83.40 million for the quarter, compared to analyst estimates of $90.72 million.
OPAL Fuels Stock Performance
Shares of NASDAQ:OPAL opened at $2.33 on Monday. The business has a fifty day moving average of $2.16 and a 200-day moving average of $2.23. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20. OPAL Fuels has a twelve month low of $1.65 and a twelve month high of $2.87. The firm has a market cap of $404.02 million, a PE ratio of 33.29 and a beta of 0.76.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on OPAL shares. Wall Street Zen raised OPAL Fuels from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings cut OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, OPAL Fuels presently has an average rating of “Sell” and an average target price of $2.40.
Insider Transactions at OPAL Fuels
In related news, Director Scott Mcdougald Sutton purchased 50,000 shares of OPAL Fuels stock in a transaction that occurred on Thursday, June 11th. The shares were 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 in the company, valued at approximately $97,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have bought 72,292 shares of company stock worth $142,845. 85.69% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On OPAL Fuels
Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC raised its position in shares of OPAL Fuels by 39.1% during 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 during the last quarter. Wells Fargo & Company MN lifted its stake in shares of OPAL Fuels by 73.2% during the fourth quarter. Wells Fargo & Company MN now owns 23,197 shares of the company’s stock valued at $55,000 after acquiring an additional 9,801 shares during the period. Engineers Gate Manager LP bought a new position in OPAL Fuels in the second quarter valued at about $27,000. Mariner LLC bought a new position in OPAL Fuels in the fourth quarter valued at about $27,000. Finally, Zions Bancorporation National Association UT acquired a new stake in OPAL Fuels in the fourth quarter worth about $27,000. 12.16% of the stock is owned by institutional investors.
About OPAL Fuels
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.
Featured Stories
- Five stocks we like better than OPAL Fuels
- 3 of the Market’s Most-Upgraded Tech Stocks Right Now
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
- Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
Receive News & Ratings for OPAL Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OPAL Fuels and related companies with MarketBeat.com's FREE daily email newsletter.
