Montauk Renewables (NASDAQ:MNTK – Get Free Report) posted its earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.11), Zacks reports. Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%. The company had revenue of $27.74 million for the quarter, compared to analysts’ expectations of $59.92 million. Montauk Renewables updated its FY 2025 guidance to EPS.
Montauk Renewables Stock Down 16.9 %
Shares of NASDAQ:MNTK opened at $2.07 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $296.77 million, a P/E ratio of 12.94 and a beta of -0.20. Montauk Renewables has a 12-month low of $2.06 and a 12-month high of $6.22. The stock’s 50-day moving average price is $3.98 and its 200-day moving average price is $4.47.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MNTK. UBS Group lowered their price objective on Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a research report on Friday. B. Riley reduced their target price on Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Friday.
About Montauk Renewables
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.
Further Reading
- Five stocks we like better than Montauk Renewables
- How to Start Investing in Real Estate
- MarketBeat Week in Review – 03/10 – 03/14
- What Are Some of the Best Large-Cap Stocks to Buy?
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Why Are These Companies Considered Blue Chips?
- How Super Micro Computer Stock Is Defying the Market Sell-Off
Receive News & Ratings for Montauk Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montauk Renewables and related companies with MarketBeat.com's FREE daily email newsletter.