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

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have earned a consensus rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $1.80.

Several equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Montauk Renewables from $2.85 to $1.60 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a report on Tuesday, April 21st. Zacks Research raised Montauk Renewables from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen raised Montauk Renewables from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Scotiabank cut their price target on Montauk Renewables from $4.00 to $2.00 and set a “sector perform” rating for the company in a report on Wednesday, April 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MNTK. AQR Capital Management LLC bought a new position in shares of Montauk Renewables in the first quarter valued at about $62,000. Jane Street Group LLC raised its holdings in shares of Montauk Renewables by 303.4% in the first quarter. Jane Street Group LLC now owns 100,834 shares of the company’s stock valued at $213,000 after buying an additional 75,836 shares during the last quarter. Strs Ohio bought a new position in shares of Montauk Renewables in the first quarter valued at about $84,000. JPMorgan Chase & Co. raised its holdings in shares of Montauk Renewables by 25.0% in the second quarter. JPMorgan Chase & Co. now owns 64,772 shares of the company’s stock valued at $144,000 after buying an additional 12,974 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Montauk Renewables by 12.6% in the second quarter. Rhumbline Advisers now owns 105,881 shares of the company’s stock valued at $235,000 after buying an additional 11,820 shares during the last quarter. 16.35% of the stock is owned by institutional investors.

Montauk Renewables Stock Up 1.4%

Shares of NASDAQ:MNTK opened at $1.46 on Friday. Montauk Renewables has a 52 week low of $1.07 and a 52 week high of $2.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day moving average is $1.34 and its 200-day moving average is $1.62. The company has a market capitalization of $209.13 million, a PE ratio of 73.04 and a beta of 0.18.

Montauk Renewables (NASDAQ:MNTK) last issued its earnings results on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Montauk Renewables had a net margin of 0.15% and a return on equity of 0.10%. The firm had revenue of $43.39 million during the quarter, compared to analyst estimates of $44.39 million. Equities research analysts predict that Montauk Renewables will post 0.08 earnings per share for the current fiscal year.

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.