Montauk Renewables (NASDAQ:MNTK) Reaches New 1-Year Low at $3.52

Montauk Renewables, Inc. (NASDAQ:MNTK)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $3.52 and last traded at $3.52, with a volume of 69215 shares changing hands. The stock had previously closed at $3.61.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TheStreet lowered Montauk Renewables from a “c-” rating to a “d+” rating in a research report on Wednesday, March 6th. B. Riley decreased their price objective on Montauk Renewables from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 7th. Finally, Scotiabank dropped their target price on shares of Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.00.

Montauk Renewables Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.07 and a current ratio of 3.07. The stock has a market capitalization of $498.64 million, a P/E ratio of 31.18 and a beta of -0.49. The business has a 50-day moving average price of $4.93 and a 200 day moving average price of $7.47.

Montauk Renewables (NASDAQ:MNTK) last released its earnings results on Thursday, March 14th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Montauk Renewables had a return on equity of 6.32% and a net margin of 8.55%. The company had revenue of $46.81 million during the quarter, compared to the consensus estimate of $52.86 million. As a group, sell-side analysts forecast that Montauk Renewables, Inc. will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Montauk Renewables in the 4th quarter worth $99,000. Vanguard Group Inc. increased its holdings in Montauk Renewables by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,534,560 shares of the company’s stock worth $31,493,000 after buying an additional 63,863 shares in the last quarter. Legal & General Group Plc raised its position in Montauk Renewables by 7.2% in the 4th quarter. Legal & General Group Plc now owns 55,028 shares of the company’s stock worth $490,000 after buying an additional 3,696 shares during the last quarter. Barclays PLC lifted its stake in Montauk Renewables by 250.3% during the 4th quarter. Barclays PLC now owns 202,709 shares of the company’s stock valued at $1,806,000 after acquiring an additional 144,846 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Montauk Renewables by 5.5% during the 4th quarter. Nuveen Asset Management LLC now owns 183,209 shares of the company’s stock valued at $1,632,000 after acquiring an additional 9,531 shares during the last quarter. 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.