OPAL Fuels (NASDAQ:OPAL) Announces Earnings Results, Misses Expectations By $0.03 EPS

OPAL Fuels (NASDAQ:OPALGet Free Report) posted its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03), Zacks reports. OPAL Fuels had a negative return on equity of 1.07% and a net margin of 10.61%. The business had revenue of $64.95 million for the quarter, compared to analyst estimates of $85.18 million. During the same period in the previous year, the company earned ($0.06) earnings per share.

OPAL Fuels Stock Performance

Shares of OPAL stock traded up $0.07 during mid-day trading on Friday, reaching $5.07. The company’s stock had a trading volume of 45,652 shares, compared to its average volume of 66,513. The firm’s 50-day moving average is $4.82 and its two-hundred day moving average is $5.18. OPAL Fuels has a 1-year low of $4.43 and a 1-year high of $8.46. The company has a market cap of $874.48 million, a P/E ratio of 7.24 and a beta of 0.53.

Wall Street Analysts Forecast Growth

OPAL has been the topic of a number of analyst reports. UBS Group lowered their price objective on OPAL Fuels from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 19th. Piper Sandler reduced their price objective on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus lowered their target price on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. B. Riley decreased 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, Scotiabank dropped their target price on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.29.

View Our Latest Report on OPAL Fuels

OPAL Fuels Company Profile

(Get Free Report)

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.

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Earnings History for OPAL Fuels (NASDAQ:OPAL)

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