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

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have been given an average recommendation of “Hold” by the five research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $1.80.

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

Hedge Funds Weigh In On Montauk Renewables

Several institutional investors have recently modified their holdings of MNTK. Ieq Capital LLC bought a new position in Montauk Renewables in the second quarter valued at approximately $52,000. Andina Capital Management LLC raised its stake in shares of Montauk Renewables by 28.1% in the 4th quarter. Andina Capital Management LLC now owns 41,572 shares of the company’s stock valued at $69,000 after purchasing an additional 9,107 shares during the period. Bank of America Corp DE bought a new stake in shares of Montauk Renewables in the second quarter valued at about $70,000. Deutsche Bank AG acquired a new position in shares of Montauk Renewables during the second quarter worth about $76,000. Finally, J. Derek Lewis & Associates Inc. acquired a new position in shares of Montauk Renewables during the first quarter worth about $98,000. Institutional investors own 16.35% of the company’s stock.

Montauk Renewables Stock Performance

Shares of MNTK stock opened at $2.93 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $417.06 million, a PE ratio of 48.84 and a beta of 0.54. The stock has a 50-day moving average of $2.01 and a 200-day moving average of $1.66. Montauk Renewables has a one year low of $1.07 and a one year high of $3.04.

Montauk Renewables Company Profile

Montauk Renewables, Inc is a renewable energy company focused on capturing methane from landfills and other organic waste sources and converting it into useful energy. Its primary products include renewable natural gas (RNG), pipeline-quality gas produced by upgrading biogas, and renewable electricity generated at certain project sites.

The company develops, owns, and operates renewable energy projects in the United States. In addition to energy sales, Montauk Renewables generates environmental attributes associated with its projects, including renewable identification numbers, low-carbon fuel credits, and renewable energy credits.