Montauk Renewables, Inc. (NASDAQ:MNTK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have been given a consensus rating of “Hold” by the five analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $1.80.

A number of equities research analysts have weighed in on MNTK shares. Weiss Ratings raised shares of Montauk Renewables from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Zacks Research raised shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st.

Institutional Trading of Montauk Renewables

A number of large investors have recently added to or reduced their stakes in MNTK. Andina Capital Management LLC lifted its position in shares of Montauk Renewables by 28.1% during the 4th quarter. Andina Capital Management LLC now owns 41,572 shares of the company’s stock valued at $69,000 after acquiring an additional 9,107 shares during the last quarter. Rathbones Group PLC grew its holdings in shares of Montauk Renewables by 10.9% in the 1st quarter. Rathbones Group PLC now owns 102,000 shares of the company’s stock worth $117,000 after acquiring an additional 10,000 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of 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 purchasing an additional 11,900 shares during the period. Ieq Capital LLC purchased a new stake in shares of Montauk Renewables during the second quarter valued at $52,000. Finally, Bank of America Corp DE purchased a new stake in shares of Montauk Renewables during the second quarter valued at $70,000. 16.35% of the stock is currently owned by institutional investors.

Montauk Renewables Trading Up 1.7%

Shares of Montauk Renewables stock opened at $2.93 on Monday. The business has a fifty day simple moving average of $2.01 and a 200-day simple moving average of $1.66. Montauk Renewables has a fifty-two week low of $1.07 and a fifty-two week high of $3.04. The firm has a market cap of $417.06 million, a price-to-earnings ratio of 48.84 and a beta of 0.54. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.57.

About Montauk Renewables

Montauk Renewables, Inc is a renewable energy company focused on capturing methane from landfills and other organic waste sources and converting it into useful energy. Its primary products include renewable natural gas (RNG), pipeline-quality gas produced by upgrading biogas, and renewable electricity generated at certain project sites.

The company develops, owns, and operates renewable energy projects in the United States. In addition to energy sales, Montauk Renewables generates environmental attributes associated with its projects, including renewable identification numbers, low-carbon fuel credits, and renewable energy credits.