Analysts Set Montauk Renewables, Inc. (NASDAQ:MNTK) Price Target at $3.33

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have earned a consensus rating of “Reduce” from the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $3.3333.

Several equities research analysts recently issued reports on the company. Tudor Pickering upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of Montauk Renewables from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Zacks Research upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a research report on Wednesday, October 8th.

Montauk Renewables Trading Up 2.1%

NASDAQ:MNTK opened at $1.45 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. Montauk Renewables has a one year low of $1.41 and a one year high of $4.71. The company has a market cap of $206.28 million, a PE ratio of -24.17 and a beta of 0.07. The firm has a 50-day moving average of $1.72 and a 200-day moving average of $2.00.

Montauk Renewables (NASDAQ:MNTK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $45.26 million during the quarter, compared to the consensus estimate of $44.28 million. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%. As a group, equities research analysts expect that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Trading of Montauk Renewables

A number of hedge funds have recently bought and sold shares of MNTK. Citadel Advisors LLC boosted 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 purchasing an additional 131,164 shares during the last quarter. JPMorgan Chase & Co. raised 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 purchasing an additional 113,083 shares during the period. Jane Street Group LLC boosted its holdings 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 worth $213,000 after buying an additional 75,836 shares during the last quarter. Strs Ohio bought a new position in Montauk Renewables during the first quarter valued at about $84,000. Finally, Marshall Wace LLP increased its holdings in Montauk Renewables by 158.8% during the second quarter. Marshall Wace LLP now owns 56,901 shares of the company’s stock worth $126,000 after buying an additional 34,914 shares during the last quarter. 16.35% of the stock is currently owned by 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.