Montauk Renewables (NASDAQ:MNTK) Shares Gap Up to $4.34

Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.34, but opened at $4.46. Montauk Renewables shares last traded at $4.49, with a volume of 16,856 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MNTK shares. TheStreet cut Montauk Renewables from a "c-" rating to a "d+" rating in a report on Wednesday, March 6th. B. Riley cut their price objective on Montauk Renewables from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $8.25.

Montauk Renewables Stock Performance

The company has a market capitalization of $656.71 million, a PE ratio of 42.37 and a beta of -0.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.07 and a current ratio of 3.07. The company has a 50 day moving average price of $5.36 and a 200 day moving average price of $7.74.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Montauk Renewables had a return on equity of 6.32% and a net margin of 8.55%. The firm had revenue of $46.81 million for the quarter, compared to the consensus estimate of $52.86 million. Equities analysts forecast that Montauk Renewables, Inc. will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Montauk Renewables

Several large investors have recently added to or reduced their stakes in MNTK. State Street Corp increased its position in Montauk Renewables by 185.2% in the second quarter. State Street Corp now owns 1,606,609 shares of the company's stock worth $16,146,000 after buying an additional 1,043,323 shares during the period. Northern Trust Corp increased its position in Montauk Renewables by 437.1% in the second quarter. Northern Trust Corp now owns 583,443 shares of the company's stock worth $5,864,000 after buying an additional 474,806 shares during the period. Millennium Management LLC increased its position in Montauk Renewables by 117.0% in the fourth quarter. Millennium Management LLC now owns 797,303 shares of the company's stock worth $8,794,000 after buying an additional 429,809 shares during the period. Susquehanna International Group LLP increased its position in Montauk Renewables by 497.0% in the first quarter. Susquehanna International Group LLP now owns 375,075 shares of the company's stock worth $2,952,000 after buying an additional 312,249 shares during the period. Finally, Amundi acquired a new position in shares of Montauk Renewables during the fourth quarter valued at $2,965,000. 16.35% of the stock is owned by institutional investors and hedge funds.

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.