Montauk Renewables, Inc. (NASDAQ:MNTK) Given Average Rating of “Hold” by Analysts

Montauk Renewables, Inc. (NASDAQ:MNTK) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.3333.

A number of research firms have issued reports on MNTK. Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. Tudor Pickering raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Zacks Research upgraded shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen downgraded Montauk Renewables from a “hold” rating to a “sell” rating in a report on Saturday, February 14th.

Institutional Trading of Montauk Renewables

A number of hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new position in shares of Montauk Renewables during the 2nd quarter valued at about $65,000. Alliancebernstein L.P. boosted its position in shares of Montauk Renewables by 6.9% in the third quarter. Alliancebernstein L.P. now owns 97,520 shares of the company’s stock worth $196,000 after acquiring an additional 6,300 shares during the last quarter. Jane Street Group LLC grew its holdings in Montauk Renewables by 303.4% in the first quarter. Jane Street Group LLC now owns 100,834 shares of the company’s stock valued at $213,000 after purchasing an additional 75,836 shares during the period. Citadel Advisors LLC increased its position in Montauk Renewables by 178.4% during the third quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock worth $411,000 after purchasing an additional 131,164 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Montauk Renewables by 12.6% during the second quarter. Rhumbline Advisers now owns 105,881 shares of the company’s stock worth $235,000 after purchasing an additional 11,820 shares during the period. 16.35% of the stock is owned by institutional investors and hedge funds.

Montauk Renewables Stock Down 2.5%

Shares of NASDAQ:MNTK opened at $1.54 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $219.08 million, a P/E ratio of -25.67 and a beta of 0.05. Montauk Renewables has a 52-week low of $1.37 and a 52-week high of $3.81. The stock’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $1.86.

Montauk Renewables Company Profile

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.