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

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $3.3333.

Several equities research analysts recently issued reports on MNTK shares. Wall Street Zen upgraded Montauk Renewables from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a research report on Thursday, January 22nd. Tudor Pickering raised Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Zacks Research upgraded Montauk Renewables from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th.

Hedge Funds Weigh In On Montauk Renewables

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in Montauk Renewables by 799.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock valued at $26,000 after acquiring an additional 10,396 shares during the last quarter. BNP Paribas Financial Markets increased 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. Virtu Financial LLC purchased a new position in Montauk Renewables during the third quarter worth approximately $28,000. Two Sigma Investments LP acquired a new position in Montauk Renewables during the third quarter worth $34,000. Finally, Corient Private Wealth LLC acquired a new position in Montauk Renewables during the second quarter worth $36,000. 16.35% of the stock is currently owned by institutional investors and hedge funds.

Montauk Renewables Price Performance

Montauk Renewables stock opened at $1.81 on Thursday. The stock has a market cap of $257.49 million, a price-to-earnings ratio of -30.17 and a beta of 0.07. The firm has a 50-day moving average of $1.67 and a two-hundred day moving average of $1.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. Montauk Renewables has a 1 year low of $1.37 and a 1 year high of $4.71.

Montauk Renewables (NASDAQ:MNTK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $45.26 million for the quarter, compared to the consensus estimate 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, research analysts forecast that Montauk Renewables will post 0.19 earnings per share for the current year.

About Montauk Renewables

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.