Montauk Renewables (NASDAQ:MNTK) Reaches New 1-Year Low at $3.52

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $3.52 and last traded at $3.52, with a volume of 69215 shares changing hands. The stock had previously closed at $3.61.

Wall Street Analyst Weigh In

MNTK has been the topic of several research reports. B. Riley lowered their price target on shares of Montauk Renewables from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, March 7th. Scotiabank cut their price target on shares of Montauk Renewables from $9.00 to $8.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 11th. Finally, TheStreet downgraded shares of Montauk Renewables from a "c-" rating to a "d+" rating in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8.00.

Montauk Renewables Stock Performance

The stock has a market capitalization of $504.38 million, a P/E ratio of 31.91 and a beta of -0.49. The company's 50-day moving average is $5.05 and its two-hundred day moving average is $7.52. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.22.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last released its earnings results on Thursday, March 14th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Montauk Renewables had a return on equity of 6.32% and a net margin of 8.55%. The business had revenue of $46.81 million during the quarter, compared to the consensus estimate of $52.86 million. As a group, sell-side analysts anticipate that Montauk Renewables, Inc. will post 0.29 EPS for the current fiscal year.

Institutional Trading of Montauk Renewables

Several large investors have recently added to or reduced their stakes in MNTK. Quadrature Capital Ltd acquired a new stake in shares of Montauk Renewables in the fourth quarter worth $99,000. Vanguard Group Inc. raised its stake in Montauk Renewables by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,534,560 shares of the company's stock valued at $31,493,000 after purchasing an additional 63,863 shares during the last quarter. Legal & General Group Plc raised its stake in Montauk Renewables by 7.2% during the 4th quarter. Legal & General Group Plc now owns 55,028 shares of the company's stock valued at $490,000 after purchasing an additional 3,696 shares during the last quarter. Barclays PLC increased its holdings in Montauk Renewables by 250.3% in the 4th quarter. Barclays PLC now owns 202,709 shares of the company's stock valued at $1,806,000 after buying an additional 144,846 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in Montauk Renewables by 5.5% in the 4th quarter. Nuveen Asset Management LLC now owns 183,209 shares of the company's stock valued at $1,632,000 after buying an additional 9,531 shares during the period. 16.35% of the stock is 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.