Montauk Renewables, Inc. (NASDAQ:MNTK) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have been assigned a consensus rating of “Reduce” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $3.3333.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. increased its position in shares of Montauk Renewables by 3.4% during the first quarter. American Century Companies Inc. now owns 1,025,999 shares of the company’s stock valued at $2,144,000 after buying an additional 33,910 shares during the period. Charles Schwab Investment Management Inc. increased its position in Montauk Renewables by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 508,654 shares of the company’s stock valued at $1,063,000 after acquiring an additional 12,248 shares during the last quarter. Citadel Advisors LLC raised 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 acquiring an additional 131,164 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Montauk Renewables by 174.6% in the third quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock worth $357,000 after buying an additional 113,083 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Montauk Renewables during the 1st quarter valued at $359,000. Hedge funds and other institutional investors own 16.35% of the company’s stock.

Montauk Renewables Stock Performance

MNTK opened at $1.88 on Wednesday. The stock has a market cap of $267.45 million, a PE ratio of -31.33 and a beta of 0.07. The company has a fifty day moving average of $1.91 and a 200-day moving average of $2.07. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. Montauk Renewables has a twelve month low of $1.56 and a twelve month high of $4.96.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%.The firm had revenue of $45.26 million for the quarter, compared to analyst estimates of $44.28 million. On average, sell-side analysts predict that Montauk Renewables will post 0.19 EPS for the current year.

Montauk Renewables Company Profile

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.