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

Montauk Renewables, Inc. (NASDAQ:MNTK) has been assigned a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.3333.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MNTK. AQR Capital Management LLC purchased a new stake in shares of Montauk Renewables in the first quarter worth about $62,000. Jane Street Group LLC lifted its position in Montauk Renewables by 303.4% during the 1st quarter. Jane Street Group LLC now owns 100,834 shares of the company’s stock worth $213,000 after acquiring an additional 75,836 shares in the last quarter. Strs Ohio purchased a new position in Montauk Renewables in the 1st quarter worth approximately $84,000. Nisa Investment Advisors LLC grew its position in Montauk Renewables by 799.7% in the second quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock valued at $26,000 after acquiring an additional 10,396 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Montauk Renewables in the second quarter valued at approximately $65,000. Institutional investors and hedge funds own 16.35% of the company’s stock.

Montauk Renewables Price Performance

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

About Montauk Renewables

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.