Montauk Renewables (NASDAQ:MNTK) Price Target Cut to $3.00 by Analysts at UBS Group

Montauk Renewables (NASDAQ:MNTK) had its target price cut by UBS Group from $6.25 to $3.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, B. Riley cut their price target on shares of Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Friday.

Montauk Renewables Stock Performance

Montauk Renewables stock opened at $2.07 on Friday. The company’s 50-day moving average price is $3.98 and its 200-day moving average price is $4.47. Montauk Renewables has a twelve month low of $2.06 and a twelve month high of $6.22. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The company has a market cap of $296.77 million, a PE ratio of 12.94 and a beta of -0.20.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.11). The firm had revenue of $27.74 million for the quarter, compared to the consensus estimate of $59.92 million. Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. On average, equities research analysts forecast that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Montauk Renewables

Several large investors have recently added to or reduced their stakes in MNTK. GSA Capital Partners LLP boosted its position in Montauk Renewables by 481.1% in the 3rd quarter. GSA Capital Partners LLP now owns 72,647 shares of the company’s stock valued at $378,000 after buying an additional 60,145 shares during the period. Townsquare Capital LLC purchased a new stake in Montauk Renewables in the 3rd quarter valued at about $75,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Montauk Renewables by 8.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 165,285 shares of the company’s stock valued at $861,000 after buying an additional 13,228 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Montauk Renewables by 16.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,749 shares of the company’s stock valued at $369,000 after buying an additional 9,756 shares during the period. Finally, Verition Fund Management LLC boosted its position in Montauk Renewables by 12.4% in the 3rd quarter. Verition Fund Management LLC now owns 44,739 shares of the company’s stock valued at $233,000 after buying an additional 4,947 shares during the period. 16.35% of the stock is owned by hedge funds and other institutional investors.

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.