Montauk Renewables (MNTK) Projected to Post Earnings on Wednesday

Montauk Renewables (NASDAQ:MNTK) is expected to post its results after the market closes on Wednesday, March 11th. Analysts expect Montauk Renewables to post earnings of $0.0564 per share and revenue of $44.3940 million for the quarter.

Montauk Renewables Stock Performance

Shares of NASDAQ MNTK opened at $1.54 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $219.08 million, a P/E ratio of -25.67 and a beta of 0.05. Montauk Renewables has a 12 month low of $1.37 and a 12 month high of $3.24. The stock has a 50 day moving average of $1.60 and a 200-day moving average of $1.85.

Wall Street Analyst Weigh In

MNTK has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. Zacks Research upgraded shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Montauk Renewables presently has an average rating of “Hold” and an average price target of $3.33.

Institutional Trading of Montauk Renewables

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Montauk Renewables by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock worth $26,000 after purchasing an additional 6,323 shares during the period. Virtu Financial LLC bought a new stake in Montauk Renewables during the third quarter worth about $28,000. Two Sigma Investments LP bought a new stake in Montauk Renewables during the third quarter worth about $34,000. Corient Private Wealth LLC acquired a new stake in Montauk Renewables during the second quarter worth about $36,000. Finally, HRT Financial LP acquired a new stake in Montauk Renewables during the fourth quarter worth about $44,000. 16.35% of the stock is owned by institutional investors and hedge funds.

About Montauk Renewables

Montauk Renewables Holdings, Inc is a renewable energy company headquartered in Irving, Texas, specializing in the capture and conversion of landfill gas into clean energy products. The company’s core operations focus on the design, development and operation of landfill gas collection systems that extract methane and other biogases generated by municipal solid waste. Montauk processes this gas into renewable natural gas (RNG) suitable for pipeline injection and also generates electricity for sale to utilities and commercial consumers.

Through its subsidiaries, Montauk provides a suite of environmental and waste‐management services across the United States and Canada.