Montauk Renewables (NASDAQ:MNTK) Trading 5.1% Higher

Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report) shares were up 5.1% during trading on Thursday . The stock traded as high as $4.55 and last traded at $4.55. Approximately 78,997 shares were traded during trading, a decline of 79% from the average daily volume of 374,389 shares. The stock had previously closed at $4.33.

Analysts Set New Price Targets

Several analysts recently commented on MNTK shares. B. Riley dropped their price target on Montauk Renewables from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, March 7th. TheStreet cut Montauk Renewables from a "c-" rating to a "d+" rating in a research report on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.25.

Montauk Renewables Trading Up 0.5 %

The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $5.56 and a 200-day simple moving average of $7.86. The company has a market capitalization of $625.10 million, a PE ratio of 40.19 and a beta of -0.49.

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 the consensus estimate of $0.06 by ($0.02). The company had revenue of $46.81 million during the quarter, compared to analysts' expectations of $52.86 million. Montauk Renewables had a net margin of 8.55% and a return on equity of 6.32%. Analysts predict that Montauk Renewables, Inc. will post 0.29 EPS for the current year.

Institutional Trading of Montauk Renewables

Several large investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. purchased a new position in shares of Montauk Renewables during the 3rd quarter worth $35,000. US Bancorp DE purchased a new position in shares of Montauk Renewables during the 4th quarter worth $38,000. Tower Research Capital LLC TRC grew its holdings in shares of Montauk Renewables by 152.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,466 shares of the company's stock worth $33,000 after purchasing an additional 2,700 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Montauk Renewables during the 1st quarter worth $52,000. Finally, UBS Group AG grew its holdings in shares of Montauk Renewables by 72.2% during the 4th quarter. UBS Group AG now owns 6,503 shares of the company's stock worth $72,000 after purchasing an additional 2,727 shares during the period. 16.35% of the stock is currently owned by hedge funds and other 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 capture methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.