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

OPAL Fuels (NASDAQ:OPAL) had its price objective lowered by Piper Sandler from $13.00 to $8.00 in a report released on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

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

OPAL Fuels Stock Down 0.6 %

NASDAQ OPAL opened at $4.70 on Thursday. The company has a market capitalization of $810.67 million, a price-to-earnings ratio of 6.71 and a beta of 0.52. OPAL Fuels has a twelve month low of $4.43 and a twelve month high of $8.46. The stock has a fifty day simple moving average of $4.84 and a 200 day simple moving average of $5.47.

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

Hedge Funds Weigh In On OPAL Fuels

Institutional investors and hedge funds have recently made changes to their positions in the stock. DAVENPORT & Co LLC bought a new position in shares of OPAL Fuels during the 4th quarter worth about $61,000. Invesco Ltd. bought a new position in shares of OPAL Fuels during the 3rd quarter worth about $7,816,000. Advisors Asset Management Inc. boosted its position 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 worth $353,000 after purchasing an additional 9,223 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in shares of OPAL Fuels by 52.9% during the 3rd quarter. Iridian Asset Management LLC CT now owns 74,873 shares of the company’s stock worth $614,000 after purchasing an additional 25,897 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of OPAL Fuels during the 3rd quarter worth about $125,000. Institutional investors 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.