Montauk Renewables (MNTK) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montauk Renewables in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MNTK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MNTK, but not buy additional shares or sell existing shares.
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4 equities research analysts have issued 1 year price targets for Montauk Renewables' stock. Their MNTK share price forecasts range from $7.00 to $7.50. On average, they expect the company's stock price to reach $7.25 in the next year. This suggests that the stock has a possible downside of 4.6%.
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Montauk Renewables' stock was trading at $11.03 at the beginning of the year. Since then, MNTK shares have decreased by 31.1% and is now trading at $7.60.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Montauk Renewables, Inc. (NASDAQ:MNTK) announced its quarterly earnings results on Thursday, March, 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by $0.06. The company had revenue of $49.64 million for the quarter, compared to analyst estimates of $61.80 million. Montauk Renewables had a net margin of 16.89% and a trailing twelve-month return on equity of 15.89%.

ETFs with the largest weight of Montauk Renewables (NASDAQ:MNTK) stock in their portfolio include SPDR S&P Kensho Clean Power ETF (CNRG), Strategy Shares Halt Climate Change ETF (NZRO), Ecofin U.S. Renewables Infrastructure Trust (RNEW), ALPS Clean Energy ETF (ACES), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), Etho Climate Leadership US ETF (ETHO), First Trust Small Cap Growth AlphaDEX Fund (FYC) and SPDR S&P Kensho New Economies Composite ETF (KOMP).

Montauk Renewables issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $155.00 million-$164.00 million, compared to the consensus revenue estimate of $169.26 million.

(MNTK) raised $29 million in an initial public offering (IPO) on Friday, January 22nd 2021. The company issued 3,900,000 shares at $7.00-$8.00 per share. Roth Capital Partners acted as the underwriter for the IPO.

Montauk Renewables trades on the NASDAQ under the ticker symbol "MNTK."

Montauk Renewables' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.95%), State Street Corp (1.72%), Geode Capital Management LLC (0.89%), First Trust Advisors LP (0.72%), Charles Schwab Investment Management Inc. (0.33%) and Susquehanna International Group LLP (0.26%). Insiders that own company stock include Scott E Hill and Sean F Mcclain.
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Shares of MNTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MNTK stock can currently be purchased for approximately $7.60.

Montauk Renewables (NASDAQ:MNTK) has a market capitalization of $1.09 billion and generates $205.56 million in revenue each year. The company earns $35.19 million in net income (profit) each year or $0.23 on an earnings per share basis.

The company employs 132 workers across the globe.

Montauk Renewables' mailing address is 680 ANDERSEN DR FOSTER PL 10 FL 5, PITTSBURGH PA, 15220. The official website for the company is montaukenergy.com. The company can be reached via phone at 412-747-8700 or via email at investor@montaukenergy.com.