Montauk Renewables (NASDAQ:MNTK) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Montauk Renewables (NASDAQ:MNTK) from a sell rating to a hold rating in a report released on Sunday morning.

Several other brokerages also recently weighed in on MNTK. Zacks Research upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Tudor Pickering raised Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Montauk Renewables has a consensus rating of “Reduce” and an average price target of $3.33.

Montauk Renewables Stock Performance

Shares of Montauk Renewables stock traded up $0.08 during trading on Friday, reaching $1.86. The company’s stock had a trading volume of 165,656 shares, compared to its average volume of 194,775. The company has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $2.13. The firm has a market cap of $264.60 million, a PE ratio of -31.00 and a beta of 0.06. Montauk Renewables has a fifty-two week low of $1.60 and a fifty-two week high of $5.78. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter. Montauk Renewables had a negative net margin of 5.72% and a negative return on equity of 3.57%. The firm had revenue of $45.26 million during the quarter, compared to analysts’ expectations of $44.28 million. Montauk Renewables has set its FY 2025 guidance at EPS. On average, analysts forecast that Montauk Renewables will post 0.19 EPS for the current year.

Hedge Funds Weigh In On Montauk Renewables

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake in shares of 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 buying an additional 10,396 shares in the last quarter. Andina Capital Management LLC acquired a new stake in Montauk Renewables in the first quarter valued at $28,000. Corient Private Wealth LLC purchased a new stake in shares of Montauk Renewables during the 2nd quarter worth $36,000. Allianz Asset Management GmbH boosted its position in shares of Montauk Renewables by 61.1% during the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company’s stock worth $36,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its stake in shares of Montauk Renewables by 68.8% during the 2nd quarter. Brevan Howard Capital Management LP now owns 26,774 shares of the company’s stock worth $59,000 after purchasing an additional 10,911 shares during the period. 16.35% of the stock is owned by hedge funds and other institutional investors.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.