Montauk Renewables, Inc. (NASDAQ:MNTK) Given Average Rating of “Reduce” by Brokerages

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have been assigned a consensus recommendation of “Reduce” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.3333.

MNTK has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Zacks Research downgraded shares of Montauk Renewables from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th.

Montauk Renewables Price Performance

Shares of Montauk Renewables stock opened at $2.17 on Friday. The business has a 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $2.14. Montauk Renewables has a 12 month low of $1.68 and a 12 month high of $6.04. The stock has a market capitalization of $308.70 million, a P/E ratio of 108.50 and a beta of 0.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.77 and a quick ratio of 0.77.

Montauk Renewables (NASDAQ:MNTK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.04) 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 firm had revenue of $45.13 million during the quarter, compared to analyst estimates of $42.73 million. As a group, analysts predict that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Trading of Montauk Renewables

A number of hedge funds and other institutional investors have recently modified their holdings of MNTK. Bank of America Corp DE increased its stake in shares of Montauk Renewables by 39.3% in the 4th quarter. Bank of America Corp DE now owns 76,088 shares of the company’s stock worth $303,000 after acquiring an additional 21,469 shares during the last quarter. Millennium Management LLC acquired a new stake in Montauk Renewables during the fourth quarter worth about $132,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Montauk Renewables by 24.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,639 shares of the company’s stock worth $1,117,000 after purchasing an additional 54,349 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Montauk Renewables during the 1st quarter worth approximately $56,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Montauk Renewables by 61.1% during the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company’s stock worth $36,000 after buying an additional 6,600 shares during the last quarter. 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.