Montauk Renewables (NASDAQ:MNTK) Raised to “Hold” at Wall Street Zen

by · The Cerbat Gem

Montauk Renewables (NASDAQ:MNTK – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a report on Wednesday, October 8th. Tudor Pickering upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday. Finally, Zacks Research upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $3.33.

Read Our Latest Report on MNTK

Montauk Renewables Stock Up 4.5%

Shares of NASDAQ MNTK opened at $1.86 on Friday. The stock has a market cap of $264.60 million, a P/E ratio of -31.00 and a beta of 0.06. The business’s fifty day simple moving average is $2.08 and its 200-day simple moving average is $2.13. Montauk Renewables has a 12-month low of $1.60 and a 12-month high of $5.78. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.

Montauk Renewables (NASDAQ:MNTK – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $45.26 million for the quarter, compared to the consensus estimate of $44.28 million. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%. Montauk Renewables has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Trading of Montauk Renewables

A number of large investors have recently bought and sold shares of MNTK. Nuveen LLC purchased a new stake in shares of Montauk Renewables in the first quarter valued at about $359,000. Allianz Asset Management GmbH increased its position in Montauk Renewables by 61.1% in the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company’s stock valued at $36,000 after acquiring an additional 6,600 shares during the period. American Century Companies Inc. raised its stake in Montauk Renewables by 3.4% during the 1st quarter. American Century Companies Inc. now owns 1,025,999 shares of the company’s stock valued at $2,144,000 after acquiring an additional 33,910 shares during the last quarter. Rathbones Group PLC grew its position in Montauk Renewables by 138.2% in the 1st quarter. Rathbones Group PLC now owns 72,400 shares of the company’s stock valued at $151,000 after buying an additional 42,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Montauk Renewables by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 508,654 shares of the company’s stock worth $1,063,000 after acquiring an additional 12,248 shares during the period. Institutional investors and hedge funds own 16.35% of the company’s stock.

Montauk Renewables Company Profile

(Get Free Report)

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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