NASDAQ:MNTK

Montauk Renewables (MNTK) Stock Forecast, Price & News

$7.24

+0.33 (+4.78%)

(As of 06/2/2023 08:48 PM ET)

Compare

Today's Range: $7.05
▼
$7.28
50-Day Range: $6.06
▼
$7.96
52-Week Range: $5.46
▼
$20.78

Volume: 297,900 shs
Average Volume: 265,733 shs
Market Capitalization: $1.04 billion

P/E Ratio: 31.48
Dividend Yield: N/A
Price Target: $7.25

Montauk Renewables MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 0.1% Upside
$7.25 Price Target
Short Interest: Bearish
9.66% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.97
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 566.67%
From $0.06 to $0.40 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.64 out of 5 stars

Oils/Energy Sector

230th out of 248 stocks

Gas & Other Services Combined Industry

6th out of 6 stocks

1.0

Analyst's Opinion

Consensus Rating
Montauk Renewables has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.25, Montauk Renewables has a forecasted upside of 0.1% from its current price of $7.24.
Amount of Analyst Coverage
Montauk Renewables has only been the subject of 4 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
9.66% of the float of Montauk Renewables has been sold short.
Short Interest Ratio / Days to Cover
Montauk Renewables has a short interest ratio ("days to cover") of 16, which indicates bearish sentiment.
Change versus previous month
Short interest in Montauk Renewables has recently increased by 3.51%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Montauk Renewables does not currently pay a dividend.
Dividend Growth
Montauk Renewables does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MNTK.

3.9

News and Social Media Coverage

News Sentiment
Montauk Renewables has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Montauk Renewables this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for MNTK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
1 people have added Montauk Renewables to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Montauk Renewables insiders have not sold or bought any company stock.
Percentage Held by Insiders
54.20% of the stock of Montauk Renewables is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 12.17% of the stock of Montauk Renewables is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Montauk Renewables are expected to grow by 566.67% in the coming year, from $0.06 to $0.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Montauk Renewables is 31.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.00.
Price to Earnings Ratio vs. Sector
The P/E ratio of Montauk Renewables is 31.48, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.86.
Price to Book Value per Share Ratio
Montauk Renewables has a P/B Ratio of 4.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Montauk Renewables (NASDAQ:MNTK) Stock

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. Its customers for RNG and renewable identification numbers (RIN) include long-term owner-operators of landfills and livestock farms, local utilities, and refiners in the natural gas and refining sectors. The company was founded in 1980 and is headquartered in Pittsburgh, Pennsylvania.

Receive MNTK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Montauk Renewables and its competitors with MarketBeat's FREE daily newsletter.

MNTK Stock News Headlines

June 1, 2023 | finance.yahoo.com

Montauk Renewables, Inc.'s (NASDAQ:MNTK) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

June 1, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Trading Up 5.1%

June 5, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.

May 15, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Raised to Hold at Tudor, Pickering, Holt & Co.

May 15, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Raised to "Hold" at Tudor Pickering

May 13, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Hits New 12-Month Low at $5.46

May 12, 2023 | seekingalpha.com

Montauk Renewables, Inc. (MNTK) Q1 2023 Earnings Call Transcript

May 12, 2023 | msn.com

Tudor Pickering Upgrades Montauk Renewables (MNTK)

June 5, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

May 12, 2023 | finance.yahoo.com

Montauk Renewables First Quarter 2023 Earnings: Misses Expectations

May 11, 2023 | seekingalpha.com

Montauk Renewables, Inc. 2023 Q1 - Results - Earnings Call Presentation

May 11, 2023 | finance.yahoo.com

Q1 2023 Montauk Renewables Inc Earnings Call

May 11, 2023 | finance.yahoo.com

Montauk Renewables (MNTK) Reports Q1 Loss, Misses Revenue Estimates

May 10, 2023 | finance.yahoo.com

Montauk Renewables Announces First Quarter 2023 Results

May 9, 2023 | americanbankingnews.com

Montauk Renewables (MNTK) Scheduled to Post Earnings on Wednesday

May 5, 2023 | finance.yahoo.com

Investors Met With Slowing Returns on Capital At Montauk Renewables (NASDAQ:MNTK)

April 26, 2023 | finance.yahoo.com

Montauk Renewables Schedules First Quarter 2023 Conference Call for Wednesday, May 10, 2023, at 5:00 p.m. ET

April 22, 2023 | americanbankingnews.com

Short Interest in Montauk Renewables, Inc. (NASDAQ:MNTK) Drops By 5.6%

April 17, 2023 | finance.yahoo.com

With Montauk Renewables, Inc. (NASDAQ:MNTK) It Looks Like You'll Get What You Pay For

April 16, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Raised to Neutral at UBS Group

April 16, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Upgraded at UBS Group

April 14, 2023 | msn.com

UBS Upgrades Montauk Renewables (MNTK)

April 5, 2023 | benzinga.com

Montauk Renewables Stock (NASDAQ:MNTK), Dividends

March 28, 2023 | finance.yahoo.com

Montauk Renewables, Inc. Announces Approval of Provisional California Air Resource Board Carbon Intensity Score for Pico Energy Site in Idaho

March 23, 2023 | finance.yahoo.com

Montauk Renewables, Inc. Announces Planned Entrance Into South Carolina With A New RNG Project in South Carolina

March 21, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Rating Lowered to Neutral at Roth Capital

March 21, 2023 | americanbankingnews.com

Montauk Renewables (NASDAQ:MNTK) Lowered to "Neutral" at Roth Capital

See More Headlines

MNTK Price History

30 days | 90 days | 365 days | Advanced Chart

MNTK Company Calendar

Last Earnings: 3/16/2023
Today: 6/05/2023
Next Earnings (Estimated): 8/08/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Gas & other services combined
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:MNTK
CUSIP: N/A
CIK: 1826600
Web: montaukenergy.com
Phone: 412-747-8700
Fax: N/A
Employees: 132
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.25
High Stock Price Forecast: $7.50
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +0.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.23
Trailing P/E Ratio: 31.48
Forward P/E Ratio: 120.67
P/E Growth: N/A
Net Income: $35.19 million
Net Margins: 16.89%
Pretax Margin: 14.94%
Return on Equity: 15.89%
Return on Assets: 10.75%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 4.05
Quick Ratio: 4.05

Sales & Book Value

Annual Sales: $205.56 million
Price / Sales: 5.06
Cash Flow: $0.41 per share
Price / Cash Flow: 17.75
Book Value: $1.57 per share
Price / Book: 4.61

Miscellaneous

Outstanding Shares: 143,660,000
Free Float: 65,797,000
Market Cap: $1.04 billion
Optionable: Not Optionable
Beta: -0.37

Key Executives

Mr. Sean F. McClain B.S. (Age 48)
CPA, M.B.A., Pres, CEO & Director
Comp: $369.49k

Mr. Kevin Andrew Van Asdalan B.Sc. (Age 45)
C.P.A., M.B.A., CFO & Treasurer
Comp: $267.08k

Mr. Scott E. Hill
VP of Bus. Devel.

Mr. James A. Shaw (Age 51)
VP of Operations

Mr. John Ciroli (Age 52)
VP, Gen. Counsel & Sec.

Ms. Sharon Frank
VP of Environmental, Health & Safety

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MNTK Stock - Frequently Asked Questions

Should I buy or sell Montauk Renewables stock right now?: 4 Wall Street equities research 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 equities research 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.
View MNTK analyst ratings or view top-rated stocks.
What is Montauk Renewables' stock price forecast for 2023?: 4 Wall Street research analysts have issued 1 year price objectives for Montauk Renewables' shares. Their MNTK share price forecasts range from $7.00 to $7.50. On average, they anticipate the company's share price to reach $7.25 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for MNTK or view top-rated stocks among Wall Street analysts.
How have MNTK shares performed in 2023?: Montauk Renewables' stock was trading at $11.03 on January 1st, 2023. Since then, MNTK shares have decreased by 34.4% and is now trading at $7.24.
View the best growth stocks for 2023 here.
When is Montauk Renewables' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our MNTK earnings forecast.
How were Montauk Renewables' earnings last quarter?: Montauk Renewables, Inc. (NASDAQ:MNTK) posted its quarterly earnings data on Thursday, March, 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.06. The firm had revenue of $49.64 million for the quarter, compared to analysts' expectations of $61.80 million. Montauk Renewables had a net margin of 16.89% and a trailing twelve-month return on equity of 15.89%.
What ETFs hold Montauk Renewables' stock?: ETFs with the largest weight of Montauk Renewables (NASDAQ:MNTK) stock in their portfolio include SPDR 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), First Trust Small Cap Growth AlphaDEX Fund (FYC), SPDR S&P Kensho New Economies Composite ETF (KOMP) and Invesco MSCI Sustainable Future ETF (ERTH).
What guidance has Montauk Renewables issued on next quarter's earnings?: 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.

When did Montauk Renewables IPO?: (MNTK) raised $29 million in an initial public offering (IPO) on Friday, January 22nd 2021. The company issued 3,900,000 shares at a price of $7.00-$8.00 per share. Roth Capital Partners acted as the underwriter for the IPO.
What is Montauk Renewables' stock symbol?: Montauk Renewables trades on the NASDAQ under the ticker symbol "MNTK."
Who are Montauk Renewables' major shareholders?: Montauk Renewables' stock is owned by a variety of retail and institutional investors. Top institutional investors 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.
View institutional ownership trends.
How do I buy shares of Montauk Renewables?: 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.
Compare Top Brokerages Here.
What is Montauk Renewables' stock price today?: One share of MNTK stock can currently be purchased for approximately $7.24.
How much money does Montauk Renewables make?: Montauk Renewables (NASDAQ:MNTK) has a market capitalization of $1.04 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.
How many employees does Montauk Renewables have?: The company employs 132 workers across the globe.
How can I contact Montauk Renewables?: 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.

This page (NASDAQ:MNTK) was last updated on 6/5/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial