Montauk Renewables (NASDAQ:MNTK) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Montauk Renewables (NASDAQ:MNTK) from a sell rating to a hold rating in a research report released on Saturday.

Several other research analysts have also recently weighed in on the stock. Zacks Research raised shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Tudor Pickering upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.33.

Montauk Renewables Stock Performance

NASDAQ MNTK opened at $1.54 on Friday. Montauk Renewables has a 1 year low of $1.37 and a 1 year high of $3.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $219.08 million, a PE ratio of -25.67 and a beta of 0.05. The company’s 50 day simple moving average is $1.60 and its two-hundred day simple moving average is $1.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNTK. BNP Paribas Financial Markets raised its position in Montauk Renewables by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock valued at $26,000 after purchasing an additional 6,323 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Montauk Renewables during the 3rd quarter valued at about $28,000. Two Sigma Investments LP bought a new position in shares of Montauk Renewables during the 3rd quarter valued at about $34,000. Corient Private Wealth LLC purchased a new position in shares of Montauk Renewables during the 2nd quarter valued at about $36,000. Finally, HRT Financial LP bought a new stake in Montauk Renewables in the 4th quarter worth approximately $44,000. 16.35% of the stock is currently owned by hedge funds and other institutional investors.

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.