The spread for Montauk Renewables ( NASDAQ:MNTK ) stock is $5.11

Shares of Montauk Renewables, Inc. (NASDAQ:MNTK – Get Free Report) were gaining ground ahead of Friday’s trading. Shares previously closed at $5.11 but opened at $5.27. Montauk Renewables stock last traded at $5.29 with trading volume of 18,872 shares.

The Wall Street analyst concludes

Several equity research analysts commented on MNTK stock. In a report published on Wednesday, March 6, TheStreet downgraded Montauk Renewables from a “c-” to a “d+.” B. Riley lowered their price target for Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating for the stock in a research note on Tuesday, May 7th. Finally, Scotiabank lowered their target price on Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th.

See our latest stock analysis on MNTK

Montauk Renewable Energy Stocks Up 7.4%

The company has a fifty-day moving average price of $4.62 and a 200-day moving average price of $5.91. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt to equity ratio of 0.21. The company has a market capitalization of $788.91 million, a price-to-earnings ratio of 36.60 and a beta of -0.20.

Montauk Renewables ( NASDAQ:MNTK – Get Free Report ) last announced its earnings results on Thursday, May 9. The company reported $0.01 earnings per share (EPS) for the quarter, $0.03 above analyst consensus estimates of ($0.02). Montauk Renewables had a return on equity of 8.44% and a net margin of 10.58%. The company’s revenue was $38.79 million for the quarter. During the same period last year, the company posted earnings per share ($0.03). As a group, sell-side analysts forecast that Montauk Renewables, Inc. will report 0.24 EPS for the current year.

Hedge funds are betting on Montauk renewable energy

Several hedge funds have recently bought and sold MNTK stock. Vanguard Group Inc. increased its holdings in shares of Montauk Renewables by 1.7% in the first quarter. Vanguard Group Inc. now owns 3,593,935 shares of the company’s stock valued at $14,951,000 after acquiring an additional 59,375 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Montauk Renewables by 81.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 502,682 shares of the company’s stock valued at $2,091,000 after purchasing an additional 224,895 shares in the last quarter. In the third quarter, Charles Schwab Investment Management Inc. increased its stake in Montauk Renewables by 4.2%. Charles Schwab Investment Management Inc. now owns 498,080 shares of the company’s stock valued at $4,538,000 after purchasing an additional 20,139 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Montauk Renewables by 14.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 152,334 shares of the company’s stock valued at $634,000 after purchasing an additional 19,086 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Montauk Renewables by 14.7% during the fourth quarter. Russell Investments Group Ltd. now owns 134,750 shares of the company’s stock valued at $1,226,000 after purchasing an additional 17,240 shares in the last quarter. The owners of 16.35% of the shares are institutional investors and hedge funds.

Montauk Renewables Company Profile

(Get the free report)

Montauk Renewables, Inc, a renewable energy company, recovers and processes 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 prevent it from being released into the atmosphere by converting it into RNG or electricity for the electric grid.

The Wall Street analyst concludes

Montauk Renewable Energy Stocks Up 7.4%

Hedge funds are betting on Montauk renewable energy

Montauk Renewables Company Profile

Recommended articles