Montauk Renewables (NASDAQ:MNTK) Upgraded at Zacks Research

Zacks Research upgraded shares of Montauk Renewables (NASDAQ:MNTK) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Several other analysts have also recently commented on MNTK. Wall Street Zen upgraded Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Montauk Renewables Trading Up 0.8%

Shares of Montauk Renewables stock opened at $1.29 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.48. Montauk Renewables has a twelve month low of $1.07 and a twelve month high of $2.78. The firm has a market capitalization of $184.78 million, a PE ratio of 64.53 and a beta of 0.18. The firm’s 50-day moving average price is $1.39 and its 200 day moving average price is $1.67.

Montauk Renewables (NASDAQ:MNTK) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $43.39 million for the quarter, compared to analysts’ expectations of $44.39 million. Montauk Renewables had a return on equity of 0.10% and a net margin of 0.15%. On average, sell-side analysts predict that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. 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 acquired a new position in Montauk Renewables during the third quarter worth $28,000. Corient Private Wealth LLC acquired a new position in Montauk Renewables during the second quarter worth $36,000. Two Sigma Investments LP purchased a new stake in Montauk Renewables in the 3rd quarter valued at $34,000. Finally, R Squared Ltd purchased a new stake in Montauk Renewables in the 3rd quarter valued at $49,000. 16.35% of the stock is currently owned by institutional investors and hedge funds.

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.