Analysts Set Montauk Renewables, Inc. (NASDAQ:MNTK) Price Target at $1.80

Montauk Renewables, Inc. (NASDAQ:MNTK) has been given an average rating of “Hold” by the five ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1.80.

MNTK has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a research note on Tuesday, April 21st. Scotiabank cut their price target on Montauk Renewables from $4.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 22nd. UBS Group cut their price target on Montauk Renewables from $2.85 to $1.60 and set a “neutral” rating on the stock in a research note on Friday. Wall Street Zen upgraded Montauk Renewables from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research upgraded Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th.

Montauk Renewables Stock Performance

MNTK stock opened at $1.43 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $1.36 and its two-hundred day simple moving average is $1.64. Montauk Renewables has a twelve month low of $1.07 and a twelve month high of $2.78. The firm has a market cap of $204.83 million, a price-to-earnings ratio of 71.54 and a beta of 0.18.

Montauk Renewables (NASDAQ:MNTK) last released its earnings results on Wednesday, March 11th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Montauk Renewables had a return on equity of 0.10% and a net margin of 0.15%.The business had revenue of $43.39 million during the quarter, compared to analysts’ expectations of $44.39 million. Analysts predict that Montauk Renewables will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Montauk Renewables

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Montauk Renewables by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock valued at $26,000 after buying an additional 6,323 shares during the period. Virtu Financial LLC purchased a new position in shares of Montauk Renewables during the third quarter valued at $28,000. Two Sigma Investments LP purchased a new position in shares of Montauk Renewables during the third quarter valued at $34,000. Corient Private Wealth LLC purchased a new position in shares of Montauk Renewables during the second quarter valued at $36,000. Finally, HRT Financial LP purchased a new position in shares of Montauk Renewables during the fourth quarter valued at $44,000. Hedge funds and other 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.