Montauk Renewables (NASDAQ:MNTK) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Montauk Renewables (NASDAQ:MNTK) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

MNTK has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a research report on Wednesday, October 8th. Zacks Research upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Finally, Tudor Pickering raised Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.33.

Montauk Renewables Price Performance

Montauk Renewables stock opened at $1.43 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50 day simple moving average of $1.72 and a 200-day simple moving average of $1.99. Montauk Renewables has a 12 month low of $1.41 and a 12 month high of $4.71. The stock has a market capitalization of $203.43 million, a PE ratio of -23.83 and a beta of 0.07.

Montauk Renewables (NASDAQ:MNTK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter. Montauk Renewables had a negative net margin of 5.72% and a negative return on equity of 3.57%. The firm had revenue of $45.26 million for the quarter, compared to analyst estimates of $44.28 million. Equities analysts predict that Montauk Renewables will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On Montauk Renewables

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in Montauk Renewables by 174.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock valued at $357,000 after acquiring an additional 113,083 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of 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 purchasing an additional 131,164 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Montauk Renewables by 6.9% in the third quarter. Alliancebernstein L.P. now owns 97,520 shares of the company’s stock valued at $196,000 after purchasing an additional 6,300 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Montauk Renewables during the 3rd quarter worth approximately $28,000. Finally, Two Sigma Investments LP purchased a new position in shares of Montauk Renewables during the 3rd quarter worth approximately $34,000. 16.35% of the stock is currently owned by hedge funds and other institutional investors.

Montauk Renewables Company Profile

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.