Montauk Renewables (NASDAQ:MNTK) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Montauk Renewables (NASDAQ:MNTK) from a hold rating to a sell rating in a research report released on Saturday morning.

Several other research analysts also recently issued reports on MNTK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a research note on Wednesday, October 8th. Zacks Research raised Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $3.33.

Montauk Renewables Stock Performance

MNTK opened at $2.03 on Friday. Montauk Renewables has a twelve month low of $1.68 and a twelve month high of $6.04. The company has a 50-day simple moving average of $2.12 and a 200 day simple moving average of $2.14. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $288.78 million, a price-to-earnings ratio of 101.50 and a beta of 0.06.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). Montauk Renewables had a net margin of 1.46% and a return on equity of 1.01%. The business had revenue of $45.13 million during the quarter, compared to the consensus estimate of $42.73 million. Analysts predict that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new position in Montauk Renewables during the 2nd quarter worth approximately $36,000. Brevan Howard Capital Management LP raised its stake in shares of Montauk Renewables by 68.8% in the second quarter. Brevan Howard Capital Management LP now owns 26,774 shares of the company’s stock worth $59,000 after purchasing an additional 10,911 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Montauk Renewables by 6.5% in the second quarter. Jane Street Group LLC now owns 107,351 shares of the company’s stock worth $244,000 after purchasing an additional 6,517 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Montauk Renewables by 158.8% in the second quarter. Marshall Wace LLP now owns 56,901 shares of the company’s stock worth $126,000 after purchasing an additional 34,914 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Montauk Renewables in the second quarter worth approximately $72,000. 16.35% of the stock is owned by institutional investors and hedge funds.

Montauk Renewables Company Profile

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.