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

Montauk Renewables, Inc. (NASDAQ:MNTK) has received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $3.3333.

A number of research analysts have recently weighed in on MNTK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. Wall Street Zen raised Montauk Renewables from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Zacks Research raised shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Tudor Pickering upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th.

Montauk Renewables Stock Down 3.9%

MNTK stock opened at $1.74 on Thursday. 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 firm has a market capitalization of $247.53 million, a P/E ratio of -29.00 and a beta of 0.07. Montauk Renewables has a 52-week low of $1.37 and a 52-week high of $4.71. The company’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.90.

Hedge Funds Weigh In On Montauk Renewables

A number of hedge funds have recently modified their holdings of MNTK. Los Angeles Capital Management LLC acquired a new stake in shares of Montauk Renewables during the 2nd quarter valued at about $65,000. Rathbones Group PLC raised its position in Montauk Renewables by 27.1% during the second quarter. Rathbones Group PLC now owns 92,000 shares of the company’s stock valued at $204,000 after acquiring an additional 19,600 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Montauk Renewables by 799.7% in the second quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock valued at $26,000 after acquiring an additional 10,396 shares during the last quarter. Two Sigma Investments LP bought a new stake in Montauk Renewables in the third quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets grew its position in Montauk Renewables by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock worth $26,000 after acquiring an additional 6,323 shares in the last quarter. 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.