According to a recent report by Bloomberg Ratings, OPAL Fuels Inc. (NASDAQ:OPAL) is receiving an average rating of “Moderate Buy” from eight brokerages that currently cover the company. Out of these eight analysts, one has given a sell recommendation while the remaining seven have assigned a buy recommendation to the company. Furthermore, the average target price for OPAL Fuels over the next 12 months, as predicted by these brokerages, is $14.00.
On Friday, shares of OPAL opened at $6.62. The stock has shown a one-year low of $5.25 and a one-year high of $10.79. Its fifty-day moving average stands at $7.28, while its 200-day moving average is reported to be $7.15. With a market capitalization of $1.14 billion, OPAL Fuels exhibits a price-to-earnings ratio of 9.19 and has a beta value of 0.69.
OPAL Fuels Inc., along with its subsidiaries, primarily focuses on producing and distributing renewable natural gas for heavy and medium-duty trucking fleets to use as vehicle fuel. Additionally, the company is involved in the design, development, construction, operation, and maintenance of fueling stations that cater specifically to trucking fleets utilizing natural gas as a more sustainable alternative to diesel fuel for transportation.
The most recent quarterly earnings results for OPAL Fuels were released on Wednesday, August 9th. The company reported earnings per share (EPS) of ($0.06), which fell short of analysts’ consensus estimates by ($0.04). In terms of revenue generated during this quarter, OPAL Fuels recorded $55.04 million compared to the expected figure of $65.44 million according to analyst predictions gathered by Bloomberg Ratings. Additionally, OPAL Fuels showed a negative return on equity for this period, specifically -0.66%, while maintaining a net margin of 10.96%. Analysts are currently forecasting that OPAL Fuels will report a EPS value of -0.05 for the current fiscal year.
As always, it is important to conduct thorough research and analysis before making any investment decisions. Investors who are considering investing in OPAL Fuels Inc. would benefit from reviewing up-to-date reports and evaluations to gain a comprehensive understanding of the company’s financial health and growth potential moving forward.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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OPAL Fuels: Analyst Opinions, Investor Moves, and Future Prospects in the Fuel Industry
In recent weeks, analysts have been closely monitoring and commenting on the performance of OPAL Fuels, a prominent company in the fuel industry. These observations have sparked not only perplexity but also buzz among investors and financial experts.
Piper Sandler, one of the renowned financial institutions, has significantly adjusted their price objective for OPAL Fuels. In their research note on Tuesday, August 1st, they raised the price target from $12.00 to $16.00. This upward revision indicates a potential increase in the company’s value and suggests a positive outlook for its future growth.
Janney Montgomery Scott also joined the chorus of analysts by initiating coverage on OPAL Fuels in their research report released on Friday, May 26th. They awarded the company a “buy” rating along with a $13.00 price objective. This endorsement further solidifies confidence in OPAL Fuels’ potential and attracts attention from prospective investors.
However, it’s important to consider that not all opinions align with those of Piper Sandler and Janney Montgomery Scott. The Goldman Sachs Group adopted a more cautious tone by giving OPAL Fuels a “sell” rating when they started coverage recently on Thursday. While their rationale behind this rating has not been explicitly stated, it serves as an alternative perspective that adds depth to the analysis surrounding this company.
Stifel Nicolaus also contributed to discussions about OPAL Fuels by revising their price target upwards in their research report on Tuesday, June 27th. Originally set at $14.00, they increased it to $15.00 following what is presumably positive developments or projections for the business.
Aside from analyst opinions, several significant institutional investors have made notable moves related to OPAL Fuels’ shares recently. One example is Encompass Capital Advisors LLC, which saw its stake grow by an impressive 52.5% during the second quarter. They now own over 2.7 million shares, amounting to a value of approximately $20.4 million. Similarly, Bank of Montreal Can entered the market by acquiring a new position in OPAL Fuels valued at around $9.5 million.
Furthermore, Yarra Square Partners LP decided to increase its ownership in OPAL Fuels by 16.7% during the second quarter, purchasing an additional 37,664 shares and bringing their total stake to roughly 263,564 shares worth nearly $2 million. Another significant investor, CWM LLC, witnessed unparalleled growth in their position by acquiring an astounding 237,887 shares during the same period. This increase resulted in them now holding over 238,000 shares with a valuation of approximate $1.8 million.
Finally, Vanguard Group Inc., a renowned investment management company, entered the scene with a fresh stake in OPAL Fuels during the third quarter. This new position is estimated to be worth around $1.3 million.
Taking these moves into consideration reveals that institutional investors and hedge funds currently own approximately 11.17% of OPAL Fuels’ stock. This substantial ownership from established financial entities carries weight and implies their confidence in the company’s potential for future success.
As we navigate through September 2023, there is significant interest surrounding OPAL Fuels’ performance and trajectory within the fuel industry. Analyst opinions vary but collectively present a mixed picture of cautious optimism as well as skepticism. Additionally, recent investments from prominent institutional players further underline both confidence and perceived opportunities within this sector.
It remains to be seen how these dynamics will shape OPAL Fuels’ future developments or if they will have any direct impact on its stock performance moving forward. However, it is evident that market participants are keeping a watchful eye on this company as it continues to pave its way in the challenging energy landscape.