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

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK) have been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. One investment 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 1 year price target among brokerages that have issued a report on the stock in the last year is $3.3333.

Several brokerages recently issued reports on MNTK. Zacks Research upgraded Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a research report on Thursday, January 22nd.

Montauk Renewables Price Performance

Shares of MNTK opened at $1.54 on Monday. Montauk Renewables has a 52 week low of $1.37 and a 52 week high of $3.24. 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 firm has a market cap of $219.08 million, a price-to-earnings ratio of -25.67 and a beta of 0.05. The stock has a 50 day moving average of $1.60 and a 200-day moving average of $1.85.

Hedge Funds Weigh In On Montauk Renewables

A number of hedge funds and other institutional investors have recently bought and sold shares of MNTK. Geode Capital Management LLC grew its holdings in shares of Montauk Renewables by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,724,933 shares of the company’s stock valued at $2,881,000 after purchasing an additional 37,315 shares during the last quarter. Renaissance Technologies LLC boosted its position in Montauk Renewables by 1.9% during the 4th quarter. Renaissance Technologies LLC now owns 342,700 shares of the company’s stock valued at $572,000 after purchasing an additional 6,300 shares during the period. Citadel Advisors LLC grew its stake in Montauk Renewables by 178.4% during the 3rd quarter. Citadel Advisors LLC now owns 204,707 shares of the company’s stock worth $411,000 after buying an additional 131,164 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Montauk Renewables by 18.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 196,032 shares of the company’s stock worth $327,000 after buying an additional 30,273 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Montauk Renewables by 174.6% in the third quarter. JPMorgan Chase & Co. now owns 177,855 shares of the company’s stock worth $357,000 after buying an additional 113,083 shares during the period. 16.35% of the stock is currently owned by institutional investors and hedge funds.

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.