Montauk Renewables (NASDAQ:MNTK) Stock Rating Lowered by Wall Street Zen

Montauk Renewables (NASDAQ:MNTK) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

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

Montauk Renewables Trading Down 3.4%

MNTK opened at $1.71 on Friday. The firm’s fifty day moving average is $1.96 and its two-hundred day moving average is $2.07. The firm has a market cap of $243.26 million, a PE ratio of -28.50 and a beta of 0.07. Montauk Renewables has a twelve month low of $1.56 and a twelve month high of $4.96. 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 (NASDAQ:MNTK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 EPS for the quarter. The business had revenue of $45.26 million during the quarter, compared to analysts’ expectations 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 anticipate that Montauk Renewables will post 0.19 EPS for the current year.

Hedge Funds Weigh In On Montauk Renewables

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of Montauk Renewables by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock valued at $26,000 after purchasing an additional 6,323 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Montauk Renewables by 799.7% in the second quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock valued at $26,000 after purchasing an additional 10,396 shares in the last quarter. Andina Capital Management LLC acquired a new stake in Montauk Renewables in the 1st quarter valued at $28,000. Virtu Financial LLC bought a new stake in Montauk Renewables during the 3rd quarter worth about $28,000. Finally, Two Sigma Investments LP bought a new stake in Montauk Renewables during the 3rd quarter worth about $34,000. 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.