Montauk Renewables (MNTK) Scheduled to Post Quarterly Earnings on Thursday

Montauk Renewables (NASDAQ:MNTKGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, March 16th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Montauk Renewables Stock Down 0.1 %

Shares of Montauk Renewables stock opened at $10.07 on Thursday. The company’s fifty day simple moving average is $10.82 and its two-hundred day simple moving average is $13.45. The company has a market cap of $1.45 billion, a P/E ratio of 41.96 and a beta of -0.26. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.30. Montauk Renewables has a 12-month low of $9.10 and a 12-month high of $20.78.

Institutional Investors Weigh In On Montauk Renewables

A number of large investors have recently modified their holdings of the business. Walleye Capital LLC purchased a new stake in shares of Montauk Renewables during the first quarter worth approximately $159,000. American Century Companies Inc. acquired a new stake in Montauk Renewables in the 4th quarter valued at about $158,000. Ensign Peak Advisors Inc purchased a new position in shares of Montauk Renewables in the 3rd quarter valued at about $155,000. Quantbot Technologies LP purchased a new position in Montauk Renewables during the 2nd quarter worth approximately $142,000. Finally, AQR Capital Management LLC purchased a new position in Montauk Renewables during the 2nd quarter worth approximately $141,000. Hedge funds and other institutional investors own 12.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group initiated coverage on shares of Montauk Renewables in a report on Tuesday, December 13th. They issued a “sell” rating and a $9.00 target price for the company.

About Montauk Renewables

(Get Rating)

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 capture methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.

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Earnings History for Montauk Renewables (NASDAQ:MNTK)

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