OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) Director Scott Mcdougald Sutton bought 50,000 shares of the stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the purchase, the director owned 50,000 shares in the company, valued at approximately $97,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
OPAL Fuels Trading Down 1.6%
NASDAQ:OPAL opened at $1.82 on Thursday. The company has a debt-to-equity ratio of 23.21, a current ratio of 2.20 and a quick ratio of 2.07. OPAL Fuels Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $3.40. The stock’s 50-day moving average is $2.21 and its two-hundred day moving average is $2.30. The stock has a market cap of $315.59 million, a PE ratio of 26.00 and a beta of 0.77.
OPAL Fuels (NASDAQ:OPAL – Get Free Report) last released its earnings results 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). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The business had revenue of $73.38 million for the quarter, compared to analysts’ expectations of $93.87 million. As a group, equities research analysts forecast that OPAL Fuels Inc. will post -0.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On OPAL Fuels
Wall Street Analyst Weigh In
OPAL has been the topic of several research analyst reports. Weiss Ratings cut OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen raised OPAL Fuels from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group boosted their price target on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research note on Tuesday, March 17th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, OPAL Fuels has a consensus rating of “Reduce” and an average price target of $2.72.
View Our Latest Analysis on OPAL Fuels
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.
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