Montauk Renewables (NASDAQ:MNTK) Rating Lowered to “Sell” at Wall Street Zen

Montauk Renewables (NASDAQ:MNTK) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently weighed in on MNTK. Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. Zacks Research raised shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Tudor Pickering upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.33.

Montauk Renewables Stock Down 0.6%

MNTK stock opened at $1.71 on Friday. The company has a market cap of $243.26 million, a price-to-earnings ratio of -28.50 and a beta of 0.07. Montauk Renewables has a twelve month low of $1.37 and a twelve month high of $4.71. The business has a 50 day moving average price of $1.67 and a two-hundred day moving average price of $1.89. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in Montauk Renewables by 51.9% in the 4th quarter. Wells Fargo & Company MN now owns 75,049 shares of the company’s stock valued at $125,000 after acquiring an additional 25,645 shares during the period. Jane Street Group LLC boosted its holdings in shares of Montauk Renewables by 32.9% during the fourth quarter. Jane Street Group LLC now owns 130,687 shares of the company’s stock worth $229,000 after acquiring an additional 32,364 shares during the period. HRT Financial LP acquired a new position in shares of Montauk Renewables in the fourth quarter valued at approximately $44,000. Renaissance Technologies LLC increased its stake in shares of Montauk Renewables by 1.9% during the fourth quarter. Renaissance Technologies LLC now owns 342,700 shares of the company’s stock worth $572,000 after purchasing an additional 6,300 shares during the period. Finally, Andina Capital Management LLC increased its stake in shares of Montauk Renewables by 28.1% during the fourth quarter. Andina Capital Management LLC now owns 41,572 shares of the company’s stock worth $69,000 after purchasing an additional 9,107 shares during the period. Institutional investors and hedge funds 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.