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

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

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

Montauk Renewables Trading Down 1.4%

Shares of Montauk Renewables stock opened at $1.43 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. Montauk Renewables has a 12-month low of $1.41 and a 12-month high of $4.71. The company has a market capitalization of $203.43 million, a price-to-earnings ratio of -23.83 and a beta of 0.07. The firm’s 50-day moving average price is $1.72 and its two-hundred day moving average price is $1.99.

Montauk Renewables (NASDAQ:MNTK) last issued its earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter. The company 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%. On average, analysts forecast that Montauk Renewables will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Montauk Renewables

A number of hedge funds and other institutional investors have recently bought and sold shares of MNTK. Citadel Advisors LLC raised its position in Montauk Renewables by 178.4% in the third quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock valued at $411,000 after purchasing an additional 131,164 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Montauk Renewables by 174.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock valued at $357,000 after buying an additional 113,083 shares during the last quarter. Jane Street Group LLC raised its holdings in Montauk Renewables by 303.4% in the 1st quarter. Jane Street Group LLC now owns 100,834 shares of the company’s stock valued at $213,000 after buying an additional 75,836 shares during the last quarter. Strs Ohio acquired a new stake in Montauk Renewables during the 1st quarter worth approximately $84,000. Finally, Marshall Wace LLP grew its holdings in Montauk Renewables by 158.8% during the 2nd quarter. Marshall Wace LLP now owns 56,901 shares of the company’s stock worth $126,000 after acquiring an additional 34,914 shares during the last quarter. Institutional investors own 16.35% of the company’s stock.

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.