Montauk Renewables (NASDAQ:MNTK) Upgraded at Wall Street Zen

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

Other research analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a report on Wednesday, October 8th. Tudor Pickering raised Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Zacks Research upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Montauk Renewables presently has a consensus rating of “Reduce” and an average target price of $3.33.

Montauk Renewables Stock Performance

NASDAQ:MNTK opened at $1.43 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. Montauk Renewables has a fifty-two week low of $1.41 and a fifty-two week high of $4.71. The firm has a market cap of $203.43 million, a PE ratio of -23.83 and a beta of 0.07. The business has a 50 day moving average price of $1.71 and a 200-day moving average price of $1.97.

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

Institutional Trading of Montauk Renewables

A number of hedge funds have recently modified their holdings of MNTK. Citadel Advisors LLC grew its position in shares of Montauk Renewables by 178.4% in the 3rd quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock worth $411,000 after buying an additional 131,164 shares during the period. JPMorgan Chase & Co. boosted its stake in Montauk Renewables by 174.6% during the third quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock worth $357,000 after acquiring an additional 113,083 shares in the last quarter. Rhumbline Advisers grew its holdings in Montauk Renewables by 18.7% in the third quarter. Rhumbline Advisers now owns 125,712 shares of the company’s stock worth $253,000 after purchasing an additional 19,831 shares during the period. Jane Street Group LLC increased its stake in shares of Montauk Renewables by 6.5% during the second quarter. Jane Street Group LLC now owns 107,351 shares of the company’s stock valued at $244,000 after purchasing an additional 6,517 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Montauk Renewables by 6.9% during the third quarter. Alliancebernstein L.P. now owns 97,520 shares of the company’s stock valued at $196,000 after purchasing an additional 6,300 shares in the last quarter. Institutional investors own 16.35% of the company’s stock.

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.