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

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have received an average rating of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.3333.

A number of research firms have commented on MNTK. Zacks Research raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Montauk Renewables from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Finally, Tudor Pickering raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th.

Montauk Renewables Price Performance

Shares of MNTK opened at $1.88 on Wednesday. Montauk Renewables has a 52-week low of $1.56 and a 52-week high of $4.96. The business has a fifty day moving average of $1.91 and a 200 day moving average of $2.07. The company has a market cap of $267.45 million, a PE ratio of -31.33 and a beta of 0.07. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Montauk Renewables (NASDAQ:MNTK) last released its earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter. The firm had revenue of $45.26 million for the quarter, compared to analysts’ expectations of $44.28 million. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%. On average, sell-side analysts expect that Montauk Renewables will post 0.19 EPS for the current year.

Institutional Investors Weigh In On Montauk Renewables

A number of institutional investors have recently made changes to their positions in MNTK. American Century Companies Inc. increased its holdings in Montauk Renewables by 3.4% during the 1st quarter. American Century Companies Inc. now owns 1,025,999 shares of the company’s stock worth $2,144,000 after purchasing an additional 33,910 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Montauk Renewables by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 508,654 shares of the company’s stock worth $1,063,000 after acquiring an additional 12,248 shares during the period. Citadel Advisors LLC lifted its holdings in Montauk Renewables by 178.4% in the third quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock valued at $411,000 after acquiring an additional 131,164 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Montauk Renewables by 174.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock worth $357,000 after acquiring an additional 113,083 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Montauk Renewables in the first quarter valued at about $359,000. 16.35% of the stock is currently 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.