The Goldman Sachs Group Lowers OPAL Fuels (NASDAQ:OPAL) Price Target to $3.40

OPAL Fuels (NASDAQ:OPAL) had its target price lowered by investment analysts at The Goldman Sachs Group from $3.90 to $3.40 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 5.59% from the stock’s current price.

OPAL Fuels Trading Down 0.3 %

Shares of OPAL stock traded down $0.01 during trading hours on Thursday, hitting $3.22. The company’s stock had a trading volume of 78,172 shares, compared to its average volume of 82,790. The stock has a market cap of $556.51 million, a PE ratio of 17.83 and a beta of 0.54. OPAL Fuels has a 12-month low of $2.96 and a 12-month high of $5.18. The company has a 50 day moving average of $3.45 and a 200 day moving average of $3.65.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company had revenue of $84.05 million for the quarter, compared to analyst estimates of $88.80 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, analysts anticipate that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

Several large investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in OPAL Fuels during the second quarter valued at $389,000. Sanctuary Advisors LLC acquired a new position in shares of OPAL Fuels in the second quarter worth about $93,000. Inspire Investing LLC purchased a new stake in shares of OPAL Fuels during the 3rd quarter worth about $430,000. GSA Capital Partners LLP boosted its stake in shares of OPAL Fuels by 69.3% during the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after acquiring an additional 39,325 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of OPAL Fuels by 83.5% during the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after acquiring an additional 9,885 shares during the period. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.