OPAL Fuels (NASDAQ:OPAL – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05), FiscalAI reports. OPAL Fuels had a return on equity of 15.54% and a net margin of 0.65%. The business had revenue of $79.49 million for the quarter, compared to analysts’ expectations of $91.30 million.
OPAL Fuels Price Performance
NASDAQ:OPAL opened at $1.45 on Monday. The company has a debt-to-equity ratio of 10.89, a current ratio of 1.82 and a quick ratio of 1.68. The company has a 50 day moving average price of $1.73 and a 200-day moving average price of $2.11. OPAL Fuels has a 1-year low of $1.36 and a 1-year high of $2.87. The firm has a market cap of $253.40 million, a price-to-earnings ratio of -144.86 and a beta of 0.82.
Insider Transactions at OPAL Fuels
In other news, CEO Adam Comora purchased 20,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were purchased at an average cost of $2.08 per share, with a total value of $41,600.00. Following the completion of the acquisition, the chief executive officer owned 509,626 shares of the company’s stock, valued at approximately $1,060,022.08. This represents a 4.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 80,000 shares of company stock worth $157,900 over the last quarter. Corporate insiders own 85.69% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on OPAL. Wall Street Zen lowered shares of OPAL Fuels from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of OPAL Fuels in a report on Wednesday. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, OPAL Fuels has a consensus rating of “Sell” and a consensus target price of $2.40.
Check Out Our Latest Stock Report on OPAL
About OPAL Fuels
OPAL Fuels Inc is a renewable energy company that develops and operates infrastructure for producing and using renewable natural gas (RNG). The company captures methane from landfills and other waste sources and processes it into pipeline-quality RNG, helping convert waste emissions into a usable energy resource.
Its activities include the development, construction, ownership and operation of landfill gas and RNG facilities, as well as the generation of renewable electricity. OPAL Fuels also supplies RNG for use as a transportation fuel and provides fueling infrastructure and related services for fleets, including heavy-duty vehicles.
The company serves customers primarily in the United States through a portfolio of waste-to-energy and renewable fuels projects.
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