Montauk Renewables (NASDAQ:MNTK) Raised to "Hold" at Wall Street Zen

Key Points

• Montauk Renewables was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, amid mixed research reports on the stock's performance.
• The stock saw a significant increase of 22.8% on Friday, reaching $2.48, despite its current average rating being "Reduce" and a price target of $3.33.
• Institutional investors have shown increased interest, with several firms boosting their holdings in the company, now owning 16.35% of Montauk Renewables’ stock.

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

MNTK has been the topic of a number of other research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Montauk Renewables in a report on Saturday, September 27th. Zacks Research downgraded Montauk Renewables from a "hold" rating to a "strong sell" rating in a report on Monday, September 15th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $3.33.

Montauk Renewables Stock Up 22.8%

NASDAQ MNTK traded up $0.46 during mid-day trading on Friday, reaching $2.48. 874,142 shares of the company's stock traded hands, compared to its average volume of 144,304. Montauk Renewables has a 1-year low of $1.68 and a 1-year high of $6.04. The company has a fifty day simple moving average of $2.08 and a 200-day simple moving average of $2.13. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The company has a market cap of $352.80 million, a price-to-earnings ratio of 124.00 and a beta of 0.06.

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

Institutional Trading of Montauk Renewables

Several hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in shares of Montauk Renewables by 3.4% in the 1st quarter. American Century Companies Inc. now owns 1,025,999 shares of the company's stock worth $2,144,000 after purchasing an additional 33,910 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Montauk Renewables by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 508,654 shares of the company's stock worth $1,063,000 after purchasing an additional 12,248 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Montauk Renewables by 24.0% in 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 purchasing an additional 54,349 shares during the last quarter. Nuveen LLC bought a new stake in shares of Montauk Renewables in the 1st quarter worth approximately $359,000. Finally, ABC Arbitrage SA lifted its holdings in shares of Montauk Renewables by 677.1% in the 1st quarter. ABC Arbitrage SA now owns 107,912 shares of the company's stock worth $226,000 after purchasing an additional 94,026 shares during the last quarter. 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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