Weiss Ratings Reaffirms Sell (D) Rating for Montauk Renewables (NASDAQ:MNTK)

Key Points

• Weiss Ratings has reaffirmed a "sell (D)" rating for Montauk Renewables (NASDAQ:MNTK), indicating ongoing concerns about the stock's performance.
• Montauk Renewables has seen mixed ratings from analysts, with Wall Street Zen raising its rating to "hold" and Zacks Research downgrading it to a "strong sell."
• The company's stock opened at $2.33, with a current average price target of $3.33, reflecting overall cautious sentiment among investors.

Montauk Renewables (NASDAQ:MNTK - Get Free Report)'s stock had its "sell (d)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Montauk Renewables from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Zacks Research lowered shares of Montauk Renewables from a "hold" rating to a "strong sell" rating in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Montauk Renewables currently has an average rating of "Reduce" and an average price target of $3.33.

Montauk Renewables Price Performance

Shares of MNTK opened at $2.33 on Wednesday. Montauk Renewables has a fifty-two week low of $1.68 and a fifty-two week high of $6.04. The firm's 50-day simple moving average is $2.08 and its two-hundred day simple moving average is $2.14. The stock has a market cap of $331.47 million, a PE ratio of 116.50 and a beta of 0.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 0.77.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.05). Montauk Renewables had a return on equity of 1.01% and a net margin of 1.46%.The company had revenue of $45.13 million during the quarter, compared to analysts' expectations of $42.73 million. Analysts anticipate that Montauk Renewables will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Montauk Renewables

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in Montauk Renewables by 6.5% in the 2nd quarter. Jane Street Group LLC now owns 107,351 shares of the company's stock worth $244,000 after purchasing an additional 6,517 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Montauk Renewables by 61.1% during the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company's stock valued at $36,000 after buying an additional 6,600 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Montauk Renewables by 799.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company's stock valued at $26,000 after acquiring an additional 10,396 shares during the period. Brevan Howard Capital Management LP increased its holdings in Montauk Renewables by 68.8% in the 2nd quarter. Brevan Howard Capital Management LP now owns 26,774 shares of the company's stock worth $59,000 after acquiring an additional 10,911 shares in the last quarter. Finally, Swiss National Bank raised its stake in Montauk Renewables by 13.4% during the 1st quarter. Swiss National Bank now owns 96,361 shares of the company's stock worth $201,000 after acquiring an additional 11,384 shares during the period. 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.

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