Montauk Renewables (NASDAQ:MNTK) Raised to “Hold” at Wall Street Zen

Montauk Renewables (NASDAQ:MNTK) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also commented on MNTK. Zacks Research lowered Montauk Renewables from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Montauk Renewables in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Montauk Renewables currently has a consensus rating of “Reduce” and a consensus target price of $3.33.

Montauk Renewables Stock Performance

Shares of NASDAQ MNTK opened at $2.48 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s fifty day moving average price is $2.08 and its two-hundred day moving average price is $2.13. Montauk Renewables has a one year low of $1.68 and a one year high of $6.04. The firm has a market cap of $352.80 million, a price-to-earnings ratio of 124.00 and a beta of 0.06.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Montauk Renewables had a net margin of 1.46% and a return on equity of 1.01%. The firm had revenue of $45.13 million during the quarter, compared to analyst estimates of $42.73 million. On average, equities analysts forecast that Montauk Renewables will post 0.19 EPS for the current year.

Institutional Investors Weigh In On Montauk Renewables

Several large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new stake in Montauk Renewables during the second quarter worth approximately $36,000. Brevan Howard Capital Management LP grew its stake in Montauk Renewables by 68.8% during the second 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. Jane Street Group LLC grew its stake in Montauk Renewables by 6.5% during the second quarter. Jane Street Group LLC now owns 107,351 shares of the company’s stock worth $244,000 after purchasing an additional 6,517 shares during the period. Marshall Wace LLP grew its stake in Montauk Renewables by 158.8% in the second quarter. Marshall Wace LLP now owns 56,901 shares of the company’s stock valued at $126,000 after acquiring an additional 34,914 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Montauk Renewables in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 16.35% of the company’s stock.

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.