The price of Montauk Renewables Inc. (NASDAQ:MNTK) shares last traded on Wall Street fell -14.30% to $8.15.
Based on available information, 3 analysts follow 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 $9.00 and a low of $8.00, we find $8.00. Given the previous closing price of $9.51, this indicates a potential downside of -15.88 percent. MNTK stock price is now -23.33% away from the 50-day moving average and -38.01% away from the 200-day moving average. The market capitalization of the company currently stands at $1.37B.
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Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $8.33 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, Hill Scott E, VP of Business Development sold 104,147 shares of the company’s stock on Nov 28. The stock was sold for $1,253,398 at an average price of $12.03. Upon completion of the transaction, the VP of Business Development now directly owns 620,460 shares in the company, valued at $5.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28, President and CEO McClain Sean F sold 60,000 shares of the business’s stock. A total of $725,572 was realized by selling the stock at an average price of $12.09. This leaves the insider owning 757,989 shares of the company worth $6.18 million. Insiders disposed of 166,895 shares of company stock worth roughly $1.36 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 BAADER BANK AKTIENGESELLSCHAFT during the first quarter worth $41,353,000. AMUNDI invested $2,211,000 in shares of MNTK during the first quarter. In the first quarter, JTC EMPLOYER SOLUTIONS TRUSTEE LTD acquired a new stake in Montauk Renewables Inc. valued at approximately $1,613,000. MARSHALL WACE, LLP acquired a new stake in MNTK for approximately $311,000. INDEXIQ ADVISORS LLC purchased a new stake in MNTK valued at around $291,000 in the second quarter. In total, there are 176 active investors with 19.90% ownership of the company’s stock.
A candlestick chart of Montauk Renewables Inc. (NASDAQ: MNTK) showed a price of $7.52 on Friday morning. During the past 12 months, Montauk Renewables Inc. has had a low of $8.85 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 $10.58 and a two-hundred day moving average price translates $13.12 for the stock.
The latest earnings results from Montauk Renewables Inc. (NASDAQ: MNTK) was released for Sep, 2022. According to the Utilities – Diversified Company, earnings per share came in at $0.08, missing analysts’ expectations of $0.13 by -0.05. This compares to $0.04 EPS in the same period last year. The net profit margin was 16.10% and return on equity was 16.40% for MNTK. The company reported revenue of $49.65 million for the quarter, compared to $45.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.7 percent. For the current quarter, analysts expect MNTK to generate $57.32M 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.
