Montauk Renewables (NASDAQ:MNTK) Rating Increased to Hold at Tudor Pickering
Tudor Pickering upgraded Montauk Renewables (NASDAQ:MNTK) from a "strong sell" to a "hold" rating in a recent research report. Other analysts have also adjusted their ratings, with Zacks Research making a similar upgrade. Currently, five analysts rate the stock as a hold, while one rates it as a sell. Montauk Renewables has a market cap of $253.22 million and reported $45.26 million in revenue for the last quarter, exceeding expectations. The company focuses on renewable energy, particularly biogas recovery and processing.
Montauk Renewables (NASDAQ:MNTK - Get Free Report) was upgraded by stock analysts at Tudor Pickering from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Friday,Zacks.com reports.
Other analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Montauk Renewables from a "strong sell" rating to a "hold" rating in a research note on Friday, October 17th. Wall Street Zen lowered shares of Montauk Renewables from a "hold" rating to a "sell" rating in a research report on Saturday, November 1st. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Montauk Renewables in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $3.33.
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Montauk Renewables Price Performance
NASDAQ:MNTK opened at $1.78 on Friday. The stock has a market capitalization of $253.22 million, a PE ratio of -29.67 and a beta of 0.06. Montauk Renewables has a 1-year low of $1.60 and a 1-year high of $5.78. The firm has a fifty day simple moving average of $2.09 and a 200 day simple moving average of $2.14. 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 (NASDAQ:MNTK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter. The business had revenue of $45.26 million during the quarter, compared to analysts' expectations of $44.28 million. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%. Montauk Renewables has set its FY 2025 guidance at EPS. On average, research analysts expect that Montauk Renewables will post 0.19 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in MNTK. Nisa Investment Advisors LLC boosted 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 worth $26,000 after purchasing an additional 10,396 shares during the last quarter. Andina Capital Management LLC purchased a new position in Montauk Renewables during the 1st quarter valued at about $28,000. Allianz Asset Management GmbH increased its holdings in Montauk Renewables by 61.1% during the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company's stock worth $36,000 after acquiring an additional 6,600 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of Montauk Renewables in the second quarter worth $36,000. Finally, Brevan Howard Capital Management LP increased its position in shares of Montauk Renewables by 68.8% in the second quarter. Brevan Howard Capital Management LP now owns 26,774 shares of the company's stock worth $59,000 after purchasing an additional 10,911 shares during the last quarter. 16.35% of the stock is owned by institutional investors.
About Montauk Renewables
(Get Free Report)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.
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