Scotiabank Lowers Earnings Estimates for Montauk Renewables

Montauk Renewables, Inc. (NASDAQ:MNTK) – Investment analysts at Scotiabank dropped their FY2025 EPS estimates for Montauk Renewables in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.10. The consensus estimate for Montauk Renewables’ current full-year earnings is $0.19 per share. Scotiabank also issued estimates for Montauk Renewables’ FY2026 earnings at $0.08 EPS.

A number of other equities analysts also recently weighed in on MNTK. UBS Group dropped their price target on shares of Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. B. Riley reduced their price target on Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Friday, March 14th.

Montauk Renewables Stock Up 5.5 %

MNTK stock opened at $2.30 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $327.60 million, a P/E ratio of 14.38 and a beta of -0.20. Montauk Renewables has a 52-week low of $2.00 and a 52-week high of $6.22. The company’s 50 day simple moving average is $3.73 and its 200-day simple moving average is $4.37.

Montauk Renewables (NASDAQ:MNTK) last released its earnings results on Thursday, March 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The firm had revenue of $27.74 million for the quarter, compared to analyst estimates of $59.92 million. Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Montauk Renewables by 100.1% during the fourth quarter. American Century Companies Inc. now owns 992,089 shares of the company’s stock worth $3,949,000 after buying an additional 496,231 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 122,072 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Montauk Renewables by 74.2% in the fourth quarter. Russell Investments Group Ltd. now owns 171,919 shares of the company’s stock valued at $699,000 after buying an additional 73,245 shares during the period. Zacks Investment Management lifted its stake in Montauk Renewables by 336.5% in the third quarter. Zacks Investment Management now owns 72,258 shares of the company’s stock valued at $376,000 after buying an additional 55,705 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Montauk Renewables by 24.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,639 shares of the company’s stock valued at $1,117,000 after acquiring an additional 54,349 shares during the last quarter. Institutional investors and hedge funds own 16.35% of the company’s stock.

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.