Q4 EPS Estimate for Montauk Renewables Lowered by Analyst

Montauk Renewables, Inc. (NASDAQ:MNTK) – Equities researchers at B. Riley dropped their Q4 2024 earnings per share (EPS) estimates for shares of Montauk Renewables in a report released on Thursday, February 27th. B. Riley analyst R. Pfingst now expects that the company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.12. The consensus estimate for Montauk Renewables’ current full-year earnings is $0.19 per share. B. Riley also issued estimates for Montauk Renewables’ FY2025 earnings at $0.10 EPS.

Montauk Renewables Stock Performance

Shares of MNTK stock opened at $3.30 on Monday. The firm has a market capitalization of $473.11 million, a price-to-earnings ratio of 20.63 and a beta of -0.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. The business has a fifty day moving average of $4.20 and a 200 day moving average of $4.56. Montauk Renewables has a 1 year low of $2.97 and a 1 year high of $6.22.

Hedge Funds Weigh In On Montauk Renewables

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in Montauk Renewables in the 4th quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. grew its position in Montauk Renewables by 105.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company’s stock worth $26,000 after purchasing an additional 2,509 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Montauk Renewables during the 4th quarter worth about $40,000. ABC Arbitrage SA acquired a new stake in Montauk Renewables during the 4th quarter worth about $55,000. Finally, ProShare Advisors LLC grew its position in Montauk Renewables by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,588 shares of the company’s stock worth $74,000 after purchasing an additional 6,117 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.