Wall Street Zen Downgrades Montauk Renewables (NASDAQ:MNTK) to Sell

Montauk Renewables (NASDAQ:MNTK) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

MNTK has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a research note on Thursday, January 22nd. Tudor Pickering raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Finally, Zacks Research raised shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.33.

Montauk Renewables Trading Down 0.6%

Shares of NASDAQ:MNTK opened at $1.71 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $1.67 and its 200 day moving average price is $1.89. The company has a market cap of $243.26 million, a PE ratio of -28.50 and a beta of 0.07. Montauk Renewables has a fifty-two week low of $1.37 and a fifty-two week high of $4.71.

Institutional Trading of Montauk Renewables

Several institutional investors and hedge funds have recently added to or reduced their stakes in MNTK. Citadel Advisors LLC grew its position in Montauk Renewables by 178.4% in the third quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock worth $411,000 after buying an additional 131,164 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Montauk Renewables by 174.6% during the third quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock worth $357,000 after purchasing an additional 113,083 shares during the period. Jane Street Group LLC boosted its position in shares of Montauk Renewables by 303.4% in the 1st quarter. Jane Street Group LLC now owns 100,834 shares of the company’s stock valued at $213,000 after purchasing an additional 75,836 shares during the period. Deutsche Bank AG increased its stake in Montauk Renewables by 20,885.3% in the 4th quarter. Deutsche Bank AG now owns 47,007 shares of the company’s stock worth $79,000 after purchasing an additional 46,783 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Montauk Renewables during the 1st quarter worth about $84,000. 16.35% of the stock is owned by institutional investors and hedge funds.

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.