OPAL Fuels (OPAL) Scheduled to Post Quarterly Earnings on Wednesday

OPAL Fuels (NASDAQ:OPAL) is set to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

OPAL Fuels (NASDAQ:OPAL) last posted its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). OPAL Fuels had a net margin of 9.23% and a negative return on equity of 1.06%. The firm had revenue of $64.95 million during the quarter, compared to analyst estimates of $85.18 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. On average, analysts expect OPAL Fuels to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OPAL Fuels Price Performance

OPAL opened at $4.09 on Wednesday. The firm has a fifty day moving average price of $4.33 and a 200 day moving average price of $4.66. OPAL Fuels has a 1 year low of $3.91 and a 1 year high of $8.46. The stock has a market cap of $705.44 million, a P/E ratio of 5.41 and a beta of 0.50.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Scotiabank cut their price target on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Piper Sandler dropped their target price on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, B. Riley reaffirmed a “buy” rating and set a $10.00 target price on shares of OPAL Fuels in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.67.

Insider Buying and Selling at OPAL Fuels

In related news, Director Scott V. Dols bought 11,192 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were bought at an average price of $5.06 per share, with a total value of $56,631.52. Following the completion of the transaction, the director now directly owns 34,823 shares of the company’s stock, valued at approximately $176,204.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other OPAL Fuels news, Director Scott V. Dols purchased 11,192 shares of OPAL Fuels stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $5.06 per share, with a total value of $56,631.52. Following the completion of the transaction, the director now owns 34,823 shares of the company’s stock, valued at $176,204.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Anthony Falbo sold 9,621 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $4.89, for a total transaction of $47,046.69. The disclosure for this sale can be found here. 84.43% of the stock is currently owned by corporate insiders.

About OPAL Fuels

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.