Scotiabank Forecasts Lower Earnings for Montauk Renewables

Montauk Renewables, Inc. (NASDAQ:MNTK) – Scotiabank reduced their FY2027 EPS estimates for shares of Montauk Renewables in a note issued to investors on Thursday, May 14th. Scotiabank analyst P. Cheng now expects that the company will earn $0.15 per share for the year, down from their prior estimate of $0.18. Scotiabank currently has a “Sector Perform” rating and a $2.00 target price on the stock. The consensus estimate for Montauk Renewables’ current full-year earnings is $0.08 per share.

Montauk Renewables (NASDAQ:MNTK) last issued its 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 business had revenue of $43.39 million for the quarter, compared to the consensus estimate of $44.39 million.

Several other analysts also recently issued reports on the company. Zacks Research downgraded Montauk Renewables from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group lowered their price objective on Montauk Renewables from $2.85 to $1.60 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Wall Street Zen raised Montauk Renewables from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $1.80.

Montauk Renewables Price Performance

Montauk Renewables stock opened at $1.46 on Monday. The company has a market capitalization of $207.82 million, a price-to-earnings ratio of 73.04 and a beta of 0.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. Montauk Renewables has a 12 month low of $1.07 and a 12 month high of $2.78. The stock’s 50 day moving average is $1.32 and its 200-day moving average is $1.56.

Institutional Trading of Montauk Renewables

Several large investors have recently made changes to their positions in MNTK. BNP Paribas Financial Markets increased its stake in shares of 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 purchasing an additional 6,323 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Montauk Renewables during the 3rd quarter worth $28,000. Corient Private Wealth LLC bought a new stake in shares of Montauk Renewables during the 2nd quarter worth $36,000. Two Sigma Investments LP acquired a new stake in Montauk Renewables in the third quarter valued at about $34,000. Finally, R Squared Ltd acquired a new stake in Montauk Renewables in the third quarter valued at about $49,000. 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.