Montauk Renewables, Inc. (NASDAQ:MNTK) Given Average Rating of “Reduce” by Brokerages

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have earned an average recommendation of “Reduce” from the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $1.80.

A number of analysts recently weighed in on MNTK shares. UBS Group decreased their price target on shares of Montauk Renewables from $2.85 to $1.60 and set a “neutral” rating for the company in a research report on Friday, April 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Montauk Renewables in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Scotiabank decreased their price objective on shares of Montauk Renewables from $4.00 to $2.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 22nd. Finally, Zacks Research cut shares of Montauk Renewables from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th.

Hedge Funds Weigh In On Montauk Renewables

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNTK. Citadel Advisors LLC boosted its position in Montauk Renewables by 178.4% in the 3rd quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock valued at $411,000 after buying an additional 131,164 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 buying an additional 113,083 shares during the last quarter. J. Derek Lewis & Associates Inc. purchased a new position in Montauk Renewables in the 1st quarter valued at about $98,000. Jane Street Group LLC raised its stake 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 in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Montauk Renewables by 20,885.3% during the fourth quarter. Deutsche Bank AG now owns 47,007 shares of the company’s stock worth $79,000 after purchasing an additional 46,783 shares during the last quarter. 16.35% of the stock is owned by hedge funds and other institutional investors.

Montauk Renewables Stock Up 2.5%

Shares of Montauk Renewables stock opened at $1.66 on Friday. The company has a fifty day moving average price of $1.47 and a 200 day moving average price of $1.54. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. Montauk Renewables has a twelve month low of $1.07 and a twelve month high of $2.78. The stock has a market cap of $236.28 million, a price-to-earnings ratio of 83.04 and a beta of 0.53.

Montauk Renewables (NASDAQ:MNTK) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Montauk Renewables had a return on equity of 0.28% and a net margin of 0.40%.The business had revenue of $43.39 million for the quarter, compared to analysts’ expectations of $44.39 million. Equities research analysts forecast that Montauk Renewables will post 0.11 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.