Montauk Renewables (NASDAQ:MNTK) Upgraded to “Strong-Buy” at Zacks Research

Montauk Renewables (NASDAQ:MNTK) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Montauk Renewables has a consensus rating of “Hold” and a consensus target price of $1.80.

Montauk Renewables Price Performance

MNTK opened at $2.13 on Tuesday. The company has a fifty day moving average price of $1.74 and a two-hundred day moving average price of $1.56. The firm has a market capitalization of $303.18 million, a PE ratio of 35.51 and a beta of 0.54. Montauk Renewables has a 52 week low of $1.07 and a 52 week high of $2.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.62 and a current ratio of 0.62.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in Montauk Renewables in the second quarter worth $70,000. Ieq Capital LLC acquired a new position in shares of Montauk Renewables in the 2nd quarter valued at $52,000. BlackRock Inc. bought a new stake in shares of Montauk Renewables in the 2nd quarter valued at $7,347,000. Deutsche Bank AG acquired a new stake in Montauk Renewables during the 2nd quarter worth $76,000. Finally, Bank of New York Mellon Corp bought a new position in Montauk Renewables during the second quarter worth about $306,000. Institutional investors and hedge funds own 16.35% of the company’s stock.

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.