Montauk Renewables, Inc. (NASDAQ:MNTK) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Montauk Renewables, Inc. has received a consensus rating of "Reduce" from five brokerages, with two analysts suggesting a sell and three rating it as a hold.
• The company's stock experienced a 22.8% increase recently, trading at $2.48, yet analysts foresee a challenging year ahead with an average price target of $3.33.
• In its latest quarterly report, Montauk Renewables reported a loss of ($0.04) EPS, missing expectations, but its revenue of $45.13 million exceeded estimates of $42.73 million.

Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report) has been given a consensus recommendation of "Reduce" by the five brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.3333.

Several analysts have issued reports on MNTK shares. Wall Street Zen lowered shares of Montauk Renewables from a "hold" rating to a "sell" rating in a research report on Sunday, September 21st. Zacks Research lowered shares of Montauk Renewables from a "hold" rating to a "strong sell" rating in a research note on Monday, September 15th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Montauk Renewables in a report on Saturday, September 27th.

Montauk Renewables Stock Up 22.8%

MNTK stock traded up $0.46 during mid-day trading on Friday, reaching $2.48. The company had a trading volume of 874,142 shares, compared to its average volume of 144,304. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $2.13. The company has a market capitalization of $352.80 million, a price-to-earnings ratio of 101.00 and a beta of 0.06. Montauk Renewables has a 52 week low of $1.68 and a 52 week high of $6.04.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05). The company had revenue of $45.13 million during the quarter, compared to analyst estimates of $42.73 million. Montauk Renewables had a net margin of 1.46% and a return on equity of 1.01%. As a group, equities analysts predict that Montauk Renewables will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Montauk Renewables

A number of large investors have recently added to or reduced their stakes in MNTK. Bank of America Corp DE raised its stake in Montauk Renewables by 39.3% in the 4th quarter. Bank of America Corp DE now owns 76,088 shares of the company's stock valued at $303,000 after acquiring an additional 21,469 shares during the period. Millennium Management LLC acquired a new position in shares of Montauk Renewables in the fourth quarter valued at $132,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Montauk Renewables by 24.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,639 shares of the company's stock worth $1,117,000 after buying an additional 54,349 shares during the period. Simplicity Wealth LLC bought a new stake in shares of Montauk Renewables during the 1st quarter worth about $56,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Montauk Renewables by 61.1% during the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company's stock worth $36,000 after buying an additional 6,600 shares during the period. Institutional investors own 16.35% of the company's stock.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.

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