Scotiabank Boosts Earnings Estimates for Montauk Renewables

Montauk Renewables, Inc. (NASDAQ:MNTK) – Research analysts at Scotiabank raised their FY2027 earnings per share estimates for Montauk Renewables in a note issued to investors on Thursday, March 19th. Scotiabank analyst P. Cheng now expects that the company will earn $0.09 per share for the year, up from their previous estimate of $0.07. The consensus estimate for Montauk Renewables’ current full-year earnings is $0.19 per share.

Montauk Renewables (NASDAQ:MNTK) last issued its earnings results on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Montauk Renewables had a return on equity of 0.10% and a net margin of 0.15%.The company had revenue of $43.39 million for the quarter, compared to analysts’ expectations of $44.39 million.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research lowered Montauk Renewables from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $4.00.

Montauk Renewables Stock Down 8.1%

Shares of NASDAQ MNTK opened at $1.13 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.48. Montauk Renewables has a 52 week low of $1.09 and a 52 week high of $2.78. The firm has a 50-day moving average price of $1.55 and a 200 day moving average price of $1.79. The stock has a market capitalization of $160.84 million, a price-to-earnings ratio of 56.53 and a beta of 0.05.

Institutional Investors Weigh In On Montauk Renewables

Several institutional investors and hedge funds have recently made changes to their positions in MNTK. Invesco Ltd. grew its stake in Montauk Renewables by 35.0% in the 4th quarter. Invesco Ltd. now owns 31,055 shares of the company’s stock valued at $52,000 after acquiring an additional 8,054 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Montauk Renewables by 51.9% in the fourth quarter. Wells Fargo & Company MN now owns 75,049 shares of the company’s stock valued at $125,000 after purchasing an additional 25,645 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Montauk Renewables by 32.9% in the fourth quarter. Jane Street Group LLC now owns 130,687 shares of the company’s stock valued at $229,000 after purchasing an additional 32,364 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Montauk Renewables in the fourth quarter valued at approximately $44,000. Finally, Renaissance Technologies LLC increased its stake in shares of Montauk Renewables by 1.9% during the 4th quarter. Renaissance Technologies LLC now owns 342,700 shares of the company’s stock worth $572,000 after purchasing an additional 6,300 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.