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

Montauk Renewables, Inc. (NASDAQ:MNTK) has received a consensus rating of “Reduce” from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $3.3333.

Several research analysts have recently weighed in on MNTK shares. Tudor Pickering upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Wall Street Zen cut shares of Montauk Renewables from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Zacks Research upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Montauk Renewables in a research note on Wednesday, October 8th.

Institutional Trading of Montauk Renewables

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its holdings in Montauk Renewables by 799.7% during the second quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock worth $26,000 after purchasing an additional 10,396 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Montauk Renewables by 92.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock worth $26,000 after buying an additional 6,323 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Montauk Renewables during the 3rd quarter worth about $28,000. Corient Private Wealth LLC bought a new position in shares of Montauk Renewables in the 2nd quarter valued at about $36,000. Finally, Two Sigma Investments LP bought a new position in shares of Montauk Renewables in the 3rd quarter valued at about $34,000. Institutional investors own 16.35% of the company’s stock.

Montauk Renewables Stock Down 5.3%

Shares of Montauk Renewables stock opened at $1.44 on Friday. The company has a market capitalization of $204.85 million, a P/E ratio of -24.00 and a beta of 0.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50-day moving average of $1.74 and a two-hundred day moving average of $2.00. Montauk Renewables has a 1 year low of $1.44 and a 1 year high of $4.71.

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

Montauk Renewables Company Profile

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.