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

OPAL Fuels (NASDAQ:OPAL) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.17 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 released its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. The business had revenue of $70.95 million during the quarter, compared to analysts’ expectations of $80.68 million. On average, analysts expect OPAL Fuels to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OPAL Fuels Trading Up 3.6 %

OPAL traded up $0.13 on Tuesday, hitting $3.79. 10,757 shares of the stock traded hands, compared to its average volume of 85,404. The business has a fifty day moving average price of $3.64 and a two-hundred day moving average price of $4.08. OPAL Fuels has a 52 week low of $3.04 and a 52 week high of $6.47. The firm has a market capitalization of $654.99 million, a PE ratio of 45.75 and a beta of 0.48.

Analyst Ratings Changes

Several brokerages recently commented on OPAL. The Goldman Sachs Group reduced their target price on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a research report on Friday, August 9th. UBS Group decreased their target price on shares of OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Scotiabank lowered shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $8.00 to $5.00 in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, OPAL Fuels currently has an average rating of “Moderate Buy” and an average price target of $7.90.

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.