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

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

A number of equities analysts have recently commented on the company. UBS Group reissued a “neutral” rating and set a $1.60 price target on shares of Montauk Renewables in a report on Friday. Wall Street Zen raised Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Scotiabank lowered their target price on Montauk Renewables from $4.00 to $2.00 and set a “sector perform” rating for the company in a research note on Wednesday. Zacks Research upgraded Montauk Renewables from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a research note on Tuesday.

Institutional Investors Weigh In On Montauk Renewables

Several institutional investors have recently modified their holdings of MNTK. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Montauk Renewables in the second quarter valued at about $72,000. AQR Capital Management LLC purchased a new position in Montauk Renewables during the first quarter valued at approximately $62,000. Brevan Howard Capital Management LP boosted its holdings in 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 in the last quarter. Invesco Ltd. raised its stake in Montauk Renewables by 35.0% during the 4th quarter. Invesco Ltd. now owns 31,055 shares of the company’s stock valued at $52,000 after purchasing an additional 8,054 shares during the last quarter. Finally, HRT Financial LP acquired a new stake in shares of Montauk Renewables during the 4th quarter worth about $44,000. 16.35% of the stock is owned by hedge funds and other institutional investors.

Montauk Renewables Stock Down 1.1%

NASDAQ:MNTK traded down $0.02 on Friday, hitting $1.40. 30,452 shares of the company’s stock traded hands, compared to its average volume of 414,394. The company has a market cap of $199.82 million, a PE ratio of 69.78 and a beta of 0.18. The firm has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.65. Montauk Renewables has a 1 year low of $1.07 and a 1 year high of $2.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.48.

Montauk Renewables (NASDAQ:MNTK) last issued its earnings results on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of $43.39 million during the quarter, compared to analyst estimates of $44.39 million. Montauk Renewables had a net margin of 0.15% and a return on equity of 0.10%. Equities analysts anticipate that Montauk Renewables will post 0.09 EPS for the current fiscal year.

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.