Montauk Renewables (NASDAQ:MNTK) Lowered to “Sell” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Montauk Renewables (NASDAQ:MNTK – Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a report on Wednesday, October 8th. Tudor Pickering raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Zacks Research upgraded shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $3.33.

Check Out Our Latest Report on MNTK

Montauk Renewables Stock Down 3.4%

Shares of NASDAQ:MNTK opened at $1.71 on Friday. The stock’s 50-day moving average is $1.96 and its 200 day moving average is $2.07. The company has a market cap of $243.26 million, a PE ratio of -28.50 and a beta of 0.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. Montauk Renewables has a 1 year low of $1.56 and a 1 year high of $4.96.

Montauk Renewables (NASDAQ:MNTK – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%.The firm had revenue of $45.26 million for the quarter, compared to analyst estimates of $44.28 million. Sell-side analysts anticipate that Montauk Renewables will post 0.19 EPS for the current year.

Institutional Trading of Montauk Renewables

Several hedge funds and other institutional investors have recently made changes to their positions in MNTK. Citadel Advisors LLC increased its position in Montauk Renewables by 178.4% during the 3rd quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock valued at $411,000 after buying an additional 131,164 shares in the last quarter. Alliancebernstein L.P. grew its stake 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. Virtu Financial LLC bought a new position in shares of Montauk Renewables during the third quarter valued at $28,000. Two Sigma Investments LP purchased a new position in shares of Montauk Renewables in the 3rd quarter worth about $34,000. Finally, BNP Paribas Financial Markets raised its position in shares of Montauk Renewables by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock worth $26,000 after purchasing an additional 6,323 shares during the last quarter. Hedge funds and other institutional investors own 16.35% of the company’s stock.

About Montauk Renewables

(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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