Montauk Renewables, Inc. (NASDAQ:MNTK) Stock Rated “Hold” by Sell-Side Brokerages

Montauk Renewables, Inc. (NASDAQ:MNTK) has been given an average recommendation of “Hold” by the five analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $1.80.

A number of equities research analysts have recently commented on MNTK shares. Weiss Ratings upgraded shares of Montauk Renewables from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, September 24th. Zacks Research raised shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 1st.

Montauk Renewables Price Performance

NASDAQ:MNTK opened at $2.06 on Friday. The firm has a market cap of $293.22 million, a price-to-earnings ratio of 34.34 and a beta of 0.66. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average is $2.28 and its two-hundred day moving average is $1.82. Montauk Renewables has a 12-month low of $1.07 and a 12-month high of $3.28.

Institutional Trading of Montauk Renewables

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ieq Capital LLC acquired a new position in Montauk Renewables in the 2nd quarter valued at $52,000. Bank of America Corp DE purchased a new position in shares of Montauk Renewables during the 2nd quarter worth $70,000. Deutsche Bank AG purchased a new position in shares of Montauk Renewables during the 2nd quarter worth $76,000. J. Derek Lewis & Associates Inc. purchased a new position in shares of Montauk Renewables during the 1st quarter worth $98,000. Finally, Rathbones Group PLC boosted its holdings in shares of Montauk Renewables by 10.9% during the first quarter. Rathbones Group PLC now owns 102,000 shares of the company’s stock worth $117,000 after purchasing an additional 10,000 shares during the last quarter. 16.35% of the stock is owned by hedge funds and other institutional investors.

Montauk Renewables Company Profile

Montauk Renewables, Inc is a renewable energy company focused on recovering energy from landfill gas and other biogas sources. The company develops, owns and operates facilities that capture methane produced by landfills and convert it into renewable natural gas (RNG) and renewable electricity.

Montauk’s RNG operations process biogas into pipeline-quality natural gas that can be used as a transportation fuel or delivered through natural gas infrastructure. The company also generates electricity from landfill gas and may benefit from environmental attributes associated with renewable energy, including renewable identification numbers and other credits.

Founded in 1988, Montauk Renewables operates projects primarily in the United States.