Montauk Renewables, Inc. (NASDAQ:MNTK) Given Consensus Rating of “Reduce” by Brokerages

Montauk Renewables, Inc. (NASDAQ:MNTK) has received an average rating of “Reduce” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $1.80.

Several equities analysts have commented on MNTK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a report on Tuesday, April 21st. UBS Group decreased their price objective on shares of Montauk Renewables from $2.85 to $1.60 and set a “neutral” rating for the company in a report on Friday, April 24th. Scotiabank lowered their target price on shares of Montauk Renewables from $4.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of Montauk Renewables from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th.

Institutional Trading of Montauk Renewables

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in Montauk Renewables by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock valued at $26,000 after buying an additional 6,323 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Montauk Renewables in the third quarter valued at approximately $28,000. Two Sigma Investments LP bought a new stake in shares of Montauk Renewables in the third quarter valued at approximately $34,000. Corient Private Wealth LLC bought a new stake in shares of Montauk Renewables in the second quarter valued at approximately $36,000. Finally, HRT Financial LP bought a new stake in shares of Montauk Renewables in the fourth quarter valued at approximately $44,000. Institutional investors own 16.35% of the company’s stock.

Montauk Renewables Stock Performance

MNTK opened at $1.57 on Tuesday. The company has a market cap of $223.47 million, a PE ratio of 78.54 and a beta of 0.47. The stock has a 50-day moving average of $1.33 and a 200-day moving average of $1.57. Montauk Renewables has a 52-week low of $1.07 and a 52-week high of $2.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Montauk Renewables had a net margin of 0.40% and a return on equity of 0.28%. The company had revenue of $43.39 million for the quarter, compared to analyst estimates of $44.39 million. As a group, equities research analysts forecast that Montauk Renewables will post 0.08 earnings per share for the current fiscal year.

Montauk Renewables Company Profile

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.