Montauk Renewables Inc. (NASDAQ:MNTK) shares traded -0.09% lower at $11.54 on Wall Street last session.
In accordance with the data, 3 analysts cover Montauk Renewables Inc. (NASDAQ:MNTK). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $8.00, we find $9.00. Given the previous closing price of $11.55, this indicates a potential downside of -22.08 percent. MNTK stock price is now -2.57% away from the 50-day moving average and -13.15% away from the 200-day moving average. The market capitalization of the company currently stands at $1.66B.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $10.67 as their price target over the next twelve months.
With the price target of $9, UBS recently initiated with Sell rating for Montauk Renewables Inc. (NASDAQ: MNTK). On February 19, 2021, ROTH Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $17.50.
In other news, McClain Sean F, President and CEO sold 60,000 shares of the company’s stock on Nov 28. The stock was sold for $725,572 at an average price of $12.09. Upon completion of the transaction, the President and CEO now directly owns 757,989 shares in the company, valued at $8.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28, VP of Business Development Hill Scott E sold 104,147 shares of the business’s stock. A total of $1,253,398 was realized by selling the stock at an average price of $12.03. This leaves the insider owning 620,460 shares of the company worth $7.16 million. Insiders disposed of 167,417 shares of company stock worth roughly $1.93 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MNTK stock. A new stake in Montauk Renewables Inc. shares was purchased by FIRST TRUST ADVISORS LP during the first quarter worth $10,801,000. ALPS ADVISORS INC invested $4,523,000 in shares of MNTK during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Montauk Renewables Inc. valued at approximately $1,500,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in MNTK for approximately $1,005,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC purchased a new stake in MNTK valued at around $911,000 in the second quarter. In total, there are 151 active investors with 19.90% ownership of the company’s stock.
Montauk Renewables Inc. (NASDAQ: MNTK) opened at $11.46 on Friday. During the past 12 months, Montauk Renewables Inc. has had a low of $9.10 and a high of $20.78. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 4.00, and a quick ratio of 4.00. The fifty day moving average price for MNTK is $11.78 and a two-hundred day moving average price translates $13.29 for the stock.
The latest earnings results from Montauk Renewables Inc. (NASDAQ: MNTK) was released for Jun, 2022. According to the Utilities – Diversified Company, earnings per share came in at $0.13, inline with analysts’ expectations of $0.13. This compares to $0.06 EPS in the same period last year. The net profit margin was 17.30% and return on equity was 17.60% for MNTK. The company reported revenue of $55.86 million for the quarter, compared to $39.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.53 percent. For the current quarter, analysts expect MNTK to generate $59.8M in revenue.
Montauk Renewables Inc.(MNTK) 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 capture methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid. Its customers for RNG and renewable identification numbers (RIN) include long-term owner-operators of landfills and livestock farms, local utilities, and refiners in the natural gas and refining sectors. The company was founded in 1980 and is headquartered in Pittsburgh, Pennsylvania.
