Montauk Renewables, Inc. (NASDAQ:MNTK) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus: Five brokers give Montauk Renewables a consensus "Hold" (1 sell, 3 hold, 1 strong buy) with an average 12‑month price target of $1.80.
• Earnings and outlook: The company missed quarterly estimates (EPS $0.02 vs. $0.06 expected; revenue $43.39M vs. $44.39M) and analysts predict roughly $0.09 EPS for the current year.
• Stock and valuation: MNTK traded at $1.40 (50‑day MA $1.37, 200‑day MA $1.65), has a market cap of about $200M, a P/E near 69.8, and a 52‑week range of $1.07–$2.78.

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report) have earned an average recommendation of "Hold" from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $1.80.

A number of brokerages recently commented on MNTK. UBS Group reiterated a "neutral" rating and set a $1.60 price target on shares of Montauk Renewables in a research report on Friday. Wall Street Zen raised Montauk Renewables from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Scotiabank cut their target price on Montauk Renewables from $4.00 to $2.00 and set a "sector perform" rating for the company in a research report on Wednesday. Weiss Ratings reiterated a "sell (d)" rating on shares of Montauk Renewables in a report on Tuesday. Finally, Zacks Research raised Montauk Renewables from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th.

Montauk Renewables Price Performance

MNTK traded down $0.02 on Friday, hitting $1.40. 30,452 shares of the company's stock were exchanged, compared to its average volume of 414,394. The firm has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.48. The stock has a market cap of $199.82 million, a price-to-earnings ratio of 69.78 and a beta of 0.18. Montauk Renewables has a fifty-two week low of $1.07 and a fifty-two week high of $2.78.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.04). The business had revenue of $43.39 million during the quarter, compared to analyst estimates of $44.39 million. Montauk Renewables had a net margin of 0.15% and a return on equity of 0.10%. As a group, equities analysts anticipate that Montauk Renewables will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Montauk Renewables

Several hedge funds and other institutional investors have recently modified their holdings of MNTK. Alliancebernstein L.P. raised its position in Montauk Renewables by 6.9% during the third quarter. Alliancebernstein L.P. now owns 97,520 shares of the company's stock worth $196,000 after acquiring an additional 6,300 shares during the period. Renaissance Technologies LLC lifted its stake in Montauk Renewables by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 342,700 shares of the company's stock worth $572,000 after acquiring an additional 6,300 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in 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 in the last quarter. Jane Street Group LLC increased its holdings in shares of Montauk Renewables by 6.5% in the 2nd quarter. Jane Street Group LLC now owns 107,351 shares of the company's stock valued at $244,000 after acquiring an additional 6,517 shares during the period. Finally, Invesco Ltd. increased 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 buying an additional 8,054 shares during the period. Hedge funds and other 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.

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