OPAL Fuels Inc. (NASDAQ:OPAL) Short Interest Update
OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 531,100 shares, a growth of 42.8% from the November 15th total of 371,900 shares. Based on an average daily volume of 170,300 shares, the short-interest ratio is currently 3.1 days. Approximately 3.0% of the shares of the company are short sold.
OPAL Fuels Trading Up 3.9 %
Shares of OPAL traded up $0.22 during mid-day trading on Wednesday, reaching $5.89. The company’s stock had a trading volume of 144,576 shares, compared to its average volume of 116,197. The stock has a market cap of $1.02 billion, a PE ratio of 7.34 and a beta of 0.53. OPAL Fuels has a 52 week low of $5.16 and a 52 week high of $8.63. The company’s fifty day moving average price is $6.23 and its two-hundred day moving average price is $6.86.
OPAL Fuels (NASDAQ:OPAL – Get Free Report) last announced its quarterly earnings data on Monday, November 13th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). OPAL Fuels had a negative return on equity of 0.80% and a net margin of 11.06%. The business had revenue of $71.10 million during the quarter, compared to the consensus estimate of $76.27 million. Research analysts anticipate that OPAL Fuels will post -0.04 EPS for the current year.
Analyst Ratings Changes
Several equities analysts recently commented on OPAL shares. Scotiabank started coverage on shares of OPAL Fuels in a research note on Friday, September 29th. They set a “sector outperform” rating and a $10.55 price objective for the company. The Goldman Sachs Group started coverage on shares of OPAL Fuels in a research note on Thursday, September 14th. They set a “sell” rating for the company. Finally, Stifel Nicolaus reduced their price objective on shares of OPAL Fuels from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.43.
View Our Latest Stock Analysis on OPAL
Insider Transactions at OPAL Fuels
In other OPAL Fuels news, Director Scott V. Dols bought 5,000 shares of OPAL Fuels stock in a transaction dated Thursday, November 30th. The stock was purchased at an average price of $5.63 per share, for a total transaction of $28,150.00. Following the completion of the purchase, the director now directly owns 5,823 shares of the company’s stock, valued at $32,783.49. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 84.78% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in OPAL. Vanguard Group Inc. purchased a new position in shares of OPAL Fuels in the third quarter worth $1,297,000. Geode Capital Management LLC increased its stake in shares of OPAL Fuels by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 37,658 shares of the company’s stock worth $274,000 after buying an additional 4,222 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of OPAL Fuels in the fourth quarter worth $255,000. Boothbay Fund Management LLC purchased a new position in shares of OPAL Fuels in the fourth quarter worth $223,000. Finally, Morgan Stanley increased its stake in shares of OPAL Fuels by 748.8% in the fourth quarter. Morgan Stanley now owns 13,802 shares of the company’s stock worth $100,000 after buying an additional 12,176 shares during the period. 11.17% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider OPAL Fuels, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and OPAL Fuels wasn’t on the list.
While OPAL Fuels currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
Original: MarketBeat News Feed: OPAL Fuels Inc. (NASDAQ:OPAL) Short Interest Update