B. Riley Lowers Montauk Renewables (NASDAQ:MNTK) Price Target to $6.00

Montauk Renewables (NASDAQ:MNTK - Get Free Report) had its price target decreased by stock analysts at B. Riley from $7.00 to $6.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. B. Riley's target price indicates a potential upside of 45.99% from the company's current price.

Other equities research analysts also recently issued research reports about the stock. Scotiabank cut their target price on shares of Montauk Renewables from $9.00 to $8.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 11th. TheStreet downgraded 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.75.

Montauk Renewables Trading Up 4.6 %

MNTK traded up $0.18 during mid-day trading on Tuesday, reaching $4.11. The stock had a trading volume of 364,191 shares, compared to its average volume of 360,460. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.07 and a current ratio of 3.07. Montauk Renewables has a 52 week low of $3.38 and a 52 week high of $10.95. The firm's fifty day simple moving average is $4.30 and its two-hundred day simple moving average is $6.94. The stock has a market capitalization of $590.28 million, a P/E ratio of 37.37 and a beta of -0.40.

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

Institutional Investors Weigh In On Montauk Renewables

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Montauk Renewables by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,470,697 shares of the company's stock worth $31,618,000 after acquiring an additional 38,605 shares during the last quarter. Hosking Partners LLP boosted its holdings in Montauk Renewables by 13.2% during the third quarter. Hosking Partners LLP now owns 897,071 shares of the company's stock worth $8,172,000 after purchasing an additional 104,821 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Montauk Renewables by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,080 shares of the company's stock valued at $4,538,000 after purchasing an additional 20,139 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Montauk Renewables by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 263,144 shares of the company's stock valued at $2,397,000 after buying an additional 1,475 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Montauk Renewables by 14.7% during the 4th quarter. Russell Investments Group Ltd. now owns 134,750 shares of the company's stock worth $1,226,000 after buying an additional 17,240 shares in 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.