OPAL Fuels (NASDAQ:OPAL) PT Lowered to $8.00 at Piper Sandler

OPAL Fuels (NASDAQ:OPAL) had its target price trimmed by Piper Sandler from $13.00 to $8.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on OPAL. Scotiabank cut their target price on OPAL Fuels from $10.50 to $8.00 and set a sector outperform rating for the company in a research note on Thursday, April 11th. UBS Group cut their target price on OPAL Fuels from $11.00 to $8.00 and set a buy rating for the company in a research note on Tuesday, March 19th. Stifel Nicolaus cut their target price on OPAL Fuels from $14.00 to $13.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. B. Riley cut their target price on OPAL Fuels from $14.00 to $10.00 and set a buy rating for the company in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group cut their target price on OPAL Fuels from $5.80 to $5.00 and set a sell rating for the company in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, OPAL Fuels presently has an average rating of Moderate Buy and a consensus price target of $9.29.

OPAL Fuels Stock Down 0.3 %

OPAL opened at $4.69 on Thursday. The business has a 50 day moving average price of $4.84 and a two-hundred day moving average price of $5.43. The company has a market cap of $808.07 million, a PE ratio of 6.69 and a beta of 0.52. OPAL Fuels has a 52 week low of $4.43 and a 52 week high of $8.46.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). The company had revenue of $87.01 million for the quarter, compared to analysts’ expectations of $98.77 million. OPAL Fuels had a net margin of 10.61% and a negative return on equity of 1.07%. As a group, sell-side analysts expect that OPAL Fuels will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

Institutional investors and hedge funds have recently modified their holdings of the company. DAVENPORT & Co LLC acquired a new stake in shares of OPAL Fuels in the 4th quarter worth approximately $61,000. Invesco Ltd. acquired a new stake in OPAL Fuels during the 3rd quarter valued at $7,816,000. Advisors Asset Management Inc. grew its holdings in 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 buying an additional 9,223 shares during the last quarter. Iridian Asset Management LLC CT grew its holdings in OPAL Fuels by 52.9% during the 3rd quarter. Iridian Asset Management LLC CT now owns 74,873 shares of the company’s stock valued at $614,000 after buying an additional 25,897 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in OPAL Fuels during the 3rd quarter valued at $125,000. 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.