Montauk Renewables (NASDAQ:MNTK – Free Report) had its price target lowered by B. Riley from $4.00 to $3.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
Montauk Renewables Stock Down 16.9 %
Shares of Montauk Renewables stock opened at $2.07 on Friday. Montauk Renewables has a 1 year low of $2.06 and a 1 year high of $6.22. The business has a 50-day moving average of $3.98 and a two-hundred day moving average of $4.47. The company has a market capitalization of $296.77 million, a P/E ratio of 12.94 and a beta of -0.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04.
Montauk Renewables (NASDAQ:MNTK – Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.11). Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%. The business had revenue of $27.74 million during the quarter, compared to the consensus estimate of $59.92 million. As a group, equities analysts predict that Montauk Renewables will post 0.19 EPS for the current year.
Institutional Inflows and Outflows
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.
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