UBS Group Has Lowered Expectations for Montauk Renewables (NASDAQ:MNTK) Stock Price

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

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

Montauk Renewables Trading Down 16.9 %

Shares of MNTK stock opened at $2.07 on Friday. The firm has a market capitalization of $296.77 million, a P/E ratio of 12.94 and a beta of -0.20. 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 stock’s fifty day simple moving average is $3.98 and its 200 day simple moving average is $4.47.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.06) earnings per share 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 the consensus estimate of $59.92 million. Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%. As a group, sell-side analysts predict that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MNTK. American Century Companies Inc. lifted its holdings in Montauk Renewables by 100.1% during the 4th 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 period. JPMorgan Chase & Co. lifted its holdings in Montauk Renewables by 237.4% during 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 period. Russell Investments Group Ltd. lifted its stake in shares of Montauk Renewables by 74.2% in the 4th quarter. Russell Investments Group Ltd. now owns 171,919 shares of the company’s stock valued at $699,000 after purchasing an additional 73,245 shares during the period. GSA Capital Partners LLP lifted its stake in shares of 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 purchasing an additional 60,145 shares during the period. Finally, Zacks Investment Management lifted its stake in shares of Montauk Renewables by 336.5% in the 3rd quarter. Zacks Investment Management now owns 72,258 shares of the company’s stock valued at $376,000 after purchasing an additional 55,705 shares during the period. 16.35% of the stock is owned by institutional investors and hedge funds.

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.