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 issued to investors on Tuesday,Zacks.com reports.

MNTK has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. Wall Street Zen raised shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Tudor Pickering upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.33.

Montauk Renewables Trading Down 6.1%

MNTK stock opened at $1.55 on Tuesday. The business has a fifty day moving average price of $1.65 and a 200 day moving average price of $1.93. 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 fifty-two week low of $1.37 and a fifty-two week high of $4.71. The stock has a market capitalization of $220.50 million, a price-to-earnings ratio of -25.83 and a beta of 0.07.

Montauk Renewables (NASDAQ:MNTK) last announced its earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%.The company had revenue of $45.26 million for the quarter, compared to analysts’ expectations of $44.28 million. Analysts expect that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Trading of Montauk Renewables

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

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.