Montauk Renewables (NASDAQ:MNTK) Trading 4.8% Higher - What's Next?

Key Points

• Montauk Renewables' stock price increased by 4.8% to $2.20, but trading volume was significantly lower, down 51% from the average.
• Recent analyst ratings show a mixed outlook: Zacks downgraded the stock to "strong sell," while Wall Street Zen upgraded it to "hold," reflecting uncertainty in investor sentiment.
• Institutional investors have shown increased interest in the company, with significant stakes added by Nisa Investment Advisors and Brevan Howard Capital Management during recent quarters.

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report) traded up 4.8% during trading on Monday . The company traded as high as $2.21 and last traded at $2.20. 81,380 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 165,873 shares. The stock had previously closed at $2.10.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research cut shares of Montauk Renewables from a "hold" rating to a "strong sell" rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Montauk Renewables from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Montauk Renewables in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $3.33.

Montauk Renewables Stock Up 4.8%

The company has a market cap of $312.97 million, a PE ratio of 110.00 and a beta of 0.06. The stock's 50 day moving average price is $2.11 and its 200-day moving average price is $2.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 0.77.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last posted its quarterly 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 net margin of 1.46% and a return on equity of 1.01%. The firm had revenue of $45.13 million for the quarter, compared to the consensus estimate of $42.73 million. On average, analysts predict that Montauk Renewables, Inc. will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On Montauk Renewables

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Montauk Renewables by 799.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company's stock worth $26,000 after purchasing an additional 10,396 shares in the last quarter. Andina Capital Management LLC bought a new position in shares of Montauk Renewables in the 1st quarter worth about $28,000. Corient Private Wealth LLC purchased a new stake in Montauk Renewables during the 2nd quarter valued at about $36,000. Allianz Asset Management GmbH grew its position in Montauk Renewables by 61.1% during the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company's stock valued at $36,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Brevan Howard Capital Management LP grew its position in Montauk Renewables by 68.8% during the 2nd quarter. Brevan Howard Capital Management LP now owns 26,774 shares of the company's stock valued at $59,000 after purchasing an additional 10,911 shares during the last quarter. 16.35% of the stock is currently owned by institutional investors.

Montauk Renewables Company Profile

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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