Montauk Renewables (NASDAQ:MNTK) Upgraded by Tudor Pickering to “Hold” Rating

Tudor Pickering upgraded shares of Montauk Renewables (NASDAQ:MNTK) from a strong sell rating to a hold rating in a research report released on Friday,Zacks.com reports.

Several other equities analysts have also issued reports on MNTK. Zacks Research raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Wall Street Zen downgraded Montauk Renewables from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Montauk Renewables presently has an average rating of “Reduce” and a consensus target price of $3.33.

Montauk Renewables Stock Up 8.5%

Shares of NASDAQ:MNTK traded up $0.14 on Friday, reaching $1.78. The company had a trading volume of 232,550 shares, compared to its average volume of 136,728. The firm has a market capitalization of $253.22 million, a PE ratio of -29.67 and a beta of 0.06. The company has a current ratio of 0.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. Montauk Renewables has a 52-week low of $1.60 and a 52-week high of $5.78. The firm’s 50 day simple moving average is $2.09 and its 200-day simple moving average is $2.14.

Montauk Renewables (NASDAQ:MNTK) 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 during the quarter, compared to analysts’ expectations of $44.28 million. Montauk Renewables has set its FY 2025 guidance at EPS. As a group, analysts expect that Montauk Renewables will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Montauk Renewables

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Montauk Renewables by 799.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock worth $26,000 after acquiring an additional 10,396 shares during the period. Andina Capital Management LLC purchased a new position in shares of Montauk Renewables in the first quarter worth about $28,000. Allianz Asset Management GmbH lifted its holdings in shares of Montauk Renewables by 61.1% during the first quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company’s stock worth $36,000 after purchasing an additional 6,600 shares during the period. Corient Private Wealth LLC purchased a new stake in Montauk Renewables in the second quarter valued at approximately $36,000. Finally, Brevan Howard Capital Management LP increased its holdings in Montauk Renewables by 68.8% in the 2nd quarter. Brevan Howard Capital Management LP now owns 26,774 shares of the company’s stock worth $59,000 after buying an additional 10,911 shares during the period. Hedge funds and other institutional investors own 16.35% of the company’s stock.

Montauk Renewables Company Profile

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.