Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) - Research analysts at Scotiabank lowered their FY2026 EPS estimates for Montauk Renewables in a report released on Thursday, April 23rd. Scotiabank analyst P. Cheng now expects that the company will post earnings of $0.11 per share for the year, down from their previous estimate of $0.13. Scotiabank has a "Sector Perform" rating and a $2.00 price objective on the stock. The consensus estimate for Montauk Renewables' current full-year earnings is $0.09 per share. Scotiabank also issued estimates for Montauk Renewables' FY2027 earnings at $0.18 EPS.
A number of other research firms have also commented on MNTK. UBS Group lowered their price target on shares of Montauk Renewables from $2.85 to $1.60 and set a "neutral" rating for the company in a report on Friday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Montauk Renewables in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Montauk Renewables from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Zacks Research raised shares of Montauk Renewables from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Montauk Renewables currently has a consensus rating of "Hold" and an average target price of $1.80.
View Our Latest Stock Report on Montauk Renewables
Montauk Renewables Price Performance
MNTK stock opened at $1.39 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.11 and a quick ratio of 1.11. Montauk Renewables has a one year low of $1.07 and a one year high of $2.78. The stock has a market cap of $199.10 million, a PE ratio of 69.53 and a beta of 0.18. The firm has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.63.
Montauk Renewables (NASDAQ:MNTK - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The company had revenue of $43.39 million during the quarter, compared to the consensus estimate of $44.39 million. Montauk Renewables had a return on equity of 0.10% and a net margin of 0.15%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. boosted its stake in Montauk Renewables by 6.9% during the third quarter. Alliancebernstein L.P. now owns 97,520 shares of the company's stock worth $196,000 after buying an additional 6,300 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Montauk Renewables by 1.9% during the fourth quarter. Renaissance Technologies LLC now owns 342,700 shares of the company's stock valued at $572,000 after purchasing an additional 6,300 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Montauk Renewables by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company's stock valued at $26,000 after purchasing an additional 6,323 shares during the period. Jane Street Group LLC boosted its stake in shares of Montauk Renewables by 6.5% during the second quarter. Jane Street Group LLC now owns 107,351 shares of the company's stock valued at $244,000 after purchasing an additional 6,517 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Montauk Renewables by 35.0% during the fourth quarter. Invesco Ltd. now owns 31,055 shares of the company's stock valued at $52,000 after purchasing an additional 8,054 shares during the period. 16.35% of the stock is owned by hedge funds and other institutional investors.
Montauk Renewables Company Profile
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Montauk Renewables Holdings, Inc is a renewable energy company headquartered in Irving, Texas, specializing in the capture and conversion of landfill gas into clean energy products. The company’s core operations focus on the design, development and operation of landfill gas collection systems that extract methane and other biogases generated by municipal solid waste. Montauk processes this gas into renewable natural gas (RNG) suitable for pipeline injection and also generates electricity for sale to utilities and commercial consumers.
Through its subsidiaries, Montauk provides a suite of environmental and waste‐management services across the United States and Canada.
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