Montauk Renewables (NASDAQ:MNTK) Upgraded at Wall Street Zen

Montauk Renewables (NASDAQ:MNTK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently commented on the company. Weiss Ratings reiterated 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 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 equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.33.

Montauk Renewables Price Performance

MNTK stock opened at $1.54 on Friday. The stock has a market capitalization of $219.08 million, a P/E ratio of -25.67 and a beta of 0.05. 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 $3.24. The business has a fifty day moving average price of $1.60 and a 200-day moving average price of $1.85.

Hedge Funds Weigh In On Montauk Renewables

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new position in shares of Montauk Renewables in the first quarter worth about $62,000. Jane Street Group LLC raised its stake in Montauk Renewables by 303.4% during the 1st quarter. Jane Street Group LLC now owns 100,834 shares of the company’s stock valued at $213,000 after purchasing an additional 75,836 shares during the period. Strs Ohio bought a new stake in Montauk Renewables during the 1st quarter valued at approximately $84,000. Los Angeles Capital Management LLC purchased a new position in Montauk Renewables in the 2nd quarter worth approximately $65,000. Finally, Rathbones Group PLC lifted its holdings in Montauk Renewables by 27.1% in the 2nd quarter. Rathbones Group PLC now owns 92,000 shares of the company’s stock worth $204,000 after purchasing an additional 19,600 shares in the last quarter. 16.35% of the stock is currently owned by hedge funds and other institutional investors.

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.