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

Montauk Renewables, Inc. (NASDAQ:MNTK) has received a consensus 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 recommendation and four have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $1.80.

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

Montauk Renewables Stock Performance

Shares of MNTK stock opened at $1.66 on Friday. 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 has a one year low of $1.07 and a one year high of $2.78. The company’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.54. The stock has a market capitalization of $236.28 million, a price-to-earnings ratio of 83.04 and a beta of 0.53.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings results on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Montauk Renewables had a return on equity of 0.28% and a net margin of 0.40%.The company had revenue of $43.39 million for the quarter, compared to the consensus estimate of $44.39 million. Equities analysts anticipate that Montauk Renewables will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Montauk Renewables

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in Montauk Renewables by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,724,933 shares of the company’s stock worth $2,881,000 after acquiring an additional 37,315 shares during the period. Renaissance Technologies LLC raised its stake in Montauk Renewables by 3.5% during the first quarter. Renaissance Technologies LLC now owns 354,600 shares of the company’s stock worth $408,000 after acquiring an additional 11,900 shares during the period. Citadel Advisors LLC raised its stake in Montauk Renewables by 178.4% during the third quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock worth $411,000 after acquiring an additional 131,164 shares during the period. Goldman Sachs Group Inc. raised its stake in Montauk Renewables by 18.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 196,032 shares of the company’s stock worth $327,000 after acquiring an additional 30,273 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Montauk Renewables by 174.6% during the third quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock worth $357,000 after acquiring an additional 113,083 shares during the period. Institutional investors and hedge funds own 16.35% of the company’s stock.

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.