Montauk Renewables (NASDAQ:MNTK) Posts Earnings Results

Montauk Renewables (NASDAQ:MNTK) issued its quarterly earnings data on Thursday. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11), Zacks reports. Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. The company had revenue of $27.74 million for the quarter, compared to analyst estimates of $59.92 million. Montauk Renewables updated its FY 2025 guidance to EPS.

Montauk Renewables Stock Performance

Shares of MNTK stock traded down $0.22 during trading hours on Friday, reaching $2.27. 108,279 shares of the company’s stock were exchanged, compared to its average volume of 157,898. Montauk Renewables has a fifty-two week low of $2.23 and a fifty-two week high of $6.22. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $325.45 million, a P/E ratio of 14.22 and a beta of -0.20. The business has a fifty day moving average price of $4.04 and a 200-day moving average price of $4.48.

Analyst Upgrades and Downgrades

MNTK has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a research report on Friday. B. Riley cut their target price on shares of Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Friday.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.