Brokerages Set Montauk Renewables, Inc. (NASDAQ:MNTK) Target Price at $3.33

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have earned a consensus rating of “Reduce” from the five analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.3333.

A number of brokerages have commented on MNTK. Wall Street Zen raised shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Research lowered Montauk Renewables from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a research note on Saturday, September 27th.

Hedge Funds Weigh In On Montauk Renewables

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its position in shares of Montauk Renewables by 799.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock worth $26,000 after buying an additional 10,396 shares during the last quarter. Andina Capital Management LLC purchased a new position in shares of Montauk Renewables in the 1st quarter valued at $28,000. Allianz Asset Management GmbH raised its stake in Montauk Renewables by 61.1% during the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company’s stock worth $36,000 after acquiring an additional 6,600 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Montauk Renewables in the second quarter valued at $36,000. Finally, Simplicity Wealth LLC purchased a new stake in Montauk Renewables in the first quarter valued at $56,000. 16.35% of the stock is owned by institutional investors and hedge funds.

Montauk Renewables Price Performance

MNTK stock opened at $2.48 on Friday. The business’s 50-day moving average is $2.08 and its two-hundred day moving average is $2.13. 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 firm has a market capitalization of $352.80 million, a P/E ratio of 124.00 and a beta of 0.06. Montauk Renewables has a 1 year low of $1.68 and a 1 year high of $6.04.

Montauk Renewables (NASDAQ:MNTK) last announced 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). The company had revenue of $45.13 million for the quarter, compared to analyst estimates of $42.73 million. Montauk Renewables had a return on equity of 1.01% and a net margin of 1.46%. Analysts anticipate that Montauk Renewables will post 0.19 earnings per share for the current fiscal year.

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.