OPAL Fuels (NASDAQ:OPAL) Sees Unusually-High Trading Volume

OPAL Fuels Inc. (NASDAQ:OPAL) shares saw an uptick in trading volume on Friday . 30,438 shares were traded during trading, a decline of 57% from the previous session’s volume of 70,251 shares.The stock last traded at $4.27 and had previously closed at $4.35.

Wall Street Analyst Weigh In

OPAL has been the topic of several research analyst reports. Scotiabank dropped their price objective on OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. The Goldman Sachs Group dropped their price objective on OPAL Fuels from $5.80 to $5.00 and set a “sell” rating on the stock in a research note on Friday, March 15th. Piper Sandler dropped their price objective on OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. B. Riley restated a “buy” rating and issued a $10.00 price objective on shares of OPAL Fuels in a research note on Friday, June 7th. Finally, UBS Group dropped their price objective on OPAL Fuels from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, OPAL Fuels has a consensus rating of “Moderate Buy” and a consensus target price of $8.67.

OPAL Fuels Stock Down 0.5 %

The company has a market cap of $746.84 million, a P/E ratio of 5.80 and a beta of 0.55. The stock has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $4.98.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). OPAL Fuels had a negative return on equity of 1.06% and a net margin of 9.23%. The company had revenue of $64.95 million for the quarter, compared to the consensus estimate of $85.18 million. During the same quarter last year, the business earned ($0.06) EPS. Equities analysts anticipate that OPAL Fuels Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In related news, Director Scott V. Dols acquired 11,192 shares of the stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $5.06 per share, for a total transaction of $56,631.52. Following the purchase, the director now directly owns 34,823 shares in the company, valued at $176,204.38. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other OPAL Fuels news, Director Scott V. Dols bought 11,192 shares of OPAL Fuels stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $5.06 per share, with a total value of $56,631.52. Following the acquisition, the director now owns 34,823 shares in the company, valued at approximately $176,204.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Anthony Falbo sold 9,621 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total value of $47,046.69. The disclosure for this sale can be found here. Corporate insiders own 84.43% of the company’s stock.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently modified their holdings of OPAL. DAVENPORT & Co LLC acquired a new stake in shares of OPAL Fuels in the 4th quarter valued at $61,000. Bank of New York Mellon Corp acquired a new stake in shares of OPAL Fuels in the 3rd quarter valued at $125,000. Levin Capital Strategies L.P. acquired a new stake in shares of OPAL Fuels in the 1st quarter valued at $136,000. Advisors Asset Management Inc. boosted its holdings in shares of OPAL Fuels by 27.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,005 shares of the company’s stock valued at $353,000 after acquiring an additional 9,223 shares in the last quarter. Finally, Yarra Square Partners LP boosted its holdings in shares of OPAL Fuels by 18.9% during the 4th quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock valued at $1,733,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Company Profile

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.