Free Trial

Montauk Renewables (NASDAQ:MNTK) Lowered to "Sell" Rating by Wall Street Zen

Montauk Renewables logo with Energy background

Key Points

  • Montauk Renewables has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting analysts' concerns about the company's performance.
  • Scotiabank has also reduced its price target for Montauk Renewables from $6.00 to $4.00, indicating a cautious outlook on the stock.
  • The company recently initiated a $5 million share repurchase program, suggesting management's belief that the stock is undervalued.
  • Need Better Tools to Track Montauk Renewables? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Separately, Scotiabank cut their price objective on Montauk Renewables from $6.00 to $4.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th.

Check Out Our Latest Stock Analysis on Montauk Renewables

Montauk Renewables Stock Performance

NASDAQ MNTK opened at $1.77 on Friday. The company has a market cap of $251.80 million, a P/E ratio of 88.50 and a beta of 0.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The business's 50 day moving average price is $2.21 and its 200-day moving average price is $2.61. Montauk Renewables has a fifty-two week low of $1.68 and a fifty-two week high of $6.04.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last announced 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 business had revenue of $45.13 million during the quarter, compared to the consensus estimate of $42.73 million. Montauk Renewables had a net margin of 1.46% and a return on equity of 1.00%. Sell-side analysts predict that Montauk Renewables will post 0.19 earnings per share for the current year.

Montauk Renewables declared that its board has initiated a share repurchase program on Tuesday, April 15th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Montauk Renewables

A number of hedge funds and other institutional investors have recently made changes to their positions in MNTK. KLP Kapitalforvaltning AS bought a new position in shares of Montauk Renewables during the 4th quarter worth $25,000. JPMorgan Chase & Co. grew its position in shares of Montauk Renewables by 22.0% during the 4th quarter. JPMorgan Chase & Co. now owns 211,604 shares of the company's stock worth $842,000 after buying an additional 38,121 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Montauk Renewables by 68.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,128 shares of the company's stock worth $136,000 after buying an additional 13,838 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Montauk Renewables during the 4th quarter worth $168,000. Finally, Geode Capital Management LLC grew its position in shares of Montauk Renewables by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,645,924 shares of the company's stock worth $6,552,000 after buying an additional 9,556 shares in the last quarter. Institutional investors own 16.35% of the company's stock.

About Montauk Renewables

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Montauk Renewables Right Now?

Before you consider Montauk Renewables, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Montauk Renewables wasn't on the list.

While Montauk Renewables currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Fall 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines