Brokerages Set Montauk Renewables, Inc. (NASDAQ:MNTK) Price Target at $1.80

Montauk Renewables, Inc. (NASDAQ:MNTK) has received a consensus rating of “Reduce” from the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $1.80.

A number of analysts recently weighed in on MNTK shares. Zacks Research lowered shares of Montauk Renewables from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Scotiabank cut their target price on Montauk Renewables from $4.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 22nd. UBS Group cut their target price on Montauk Renewables from $2.85 to $1.60 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Montauk Renewables in a report on Friday, July 17th.

Institutional Trading of Montauk Renewables

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Montauk Renewables by 92.3% during the third 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. Virtu Financial LLC purchased a new stake in shares of Montauk Renewables during the third quarter valued at $28,000. Two Sigma Investments LP bought a new position in shares of Montauk Renewables in the third quarter worth about $34,000. Corient Private Wealth LLC bought a new position in shares of Montauk Renewables in the second quarter worth about $36,000. Finally, HRT Financial LP purchased a new position in Montauk Renewables in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 16.35% of the company’s stock.

Montauk Renewables Price Performance

MNTK stock opened at $1.79 on Friday. Montauk Renewables has a 12 month low of $1.07 and a 12 month high of $2.57. The company has a current ratio of 0.62, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $1.67 and a 200 day moving average price of $1.53. The stock has a market cap of $254.79 million, a PE ratio of 29.84 and a beta of 0.57.

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.