Montauk Renewables (NASDAQ:MNTK) Lowered to Sell Rating by Wall Street Zen

Montauk Renewables (NASDAQ:MNTK) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

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

Montauk Renewables Trading Down 0.6%

Shares of Montauk Renewables stock opened at $1.71 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50-day moving average of $1.67 and a 200-day moving average of $1.89. Montauk Renewables has a 52-week low of $1.37 and a 52-week high of $4.71. The stock has a market cap of $243.26 million, a PE ratio of -28.50 and a beta of 0.07.

Hedge Funds Weigh In On Montauk Renewables

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Montauk Renewables by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,724,933 shares of the company’s stock worth $2,881,000 after acquiring an additional 37,315 shares in the last quarter. Renaissance Technologies LLC raised its position in Montauk Renewables by 1.9% during the fourth quarter. Renaissance Technologies LLC now owns 342,700 shares of the company’s stock valued at $572,000 after purchasing an additional 6,300 shares in the last quarter. Citadel Advisors LLC lifted its stake in Montauk Renewables by 178.4% during 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. Goldman Sachs Group Inc. boosted its holdings in shares of Montauk Renewables by 18.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 196,032 shares of the company’s stock valued at $327,000 after purchasing an additional 30,273 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 113,083 shares in the last quarter. 16.35% of the stock is currently 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.