Q4 EPS Forecast for Montauk Renewables Decreased by Analyst

Montauk Renewables, Inc. (NASDAQ:MNTK) – Analysts at B. Riley decreased their Q4 2024 earnings per share estimates for shares of Montauk Renewables in a report issued on Thursday, February 27th. B. Riley analyst R. Pfingst now expects that the company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for Montauk Renewables’ current full-year earnings is $0.19 per share. B. Riley also issued estimates for Montauk Renewables’ FY2025 earnings at $0.10 EPS.

Montauk Renewables Trading Down 13.4 %

MNTK stock opened at $2.97 on Monday. The firm has a fifty day moving average price of $4.20 and a 200 day moving average price of $4.57. Montauk Renewables has a fifty-two week low of $2.97 and a fifty-two week high of $6.22. The firm has a market cap of $425.80 million, a PE ratio of 18.56 and a beta of -0.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04.

Hedge Funds Weigh In On Montauk Renewables

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of Montauk Renewables by 237.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 173,483 shares of the company’s stock worth $904,000 after buying an additional 122,072 shares during the last quarter. State Street Corp grew its position in Montauk Renewables by 1.6% in the third quarter. State Street Corp now owns 1,613,351 shares of the company’s stock worth $8,406,000 after acquiring an additional 25,732 shares in the last quarter. Geode Capital Management LLC increased its stake in Montauk Renewables by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,636,368 shares of the company’s stock worth $8,527,000 after acquiring an additional 9,203 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Montauk Renewables by 16.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,749 shares of the company’s stock valued at $369,000 after purchasing an additional 9,756 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Montauk Renewables by 45.2% in the 4th quarter. SG Americas Securities LLC now owns 31,715 shares of the company’s stock valued at $126,000 after purchasing an additional 9,877 shares during the last quarter. Institutional investors own 16.35% of the company’s stock.

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.