Montauk Renewables (NASDAQ:MNTK - Get Free Report) announced its earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11), Zacks reports. Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. The company had revenue of $27.74 million during the quarter, compared to the consensus estimate of $59.92 million. Montauk Renewables updated its FY 2025 guidance to EPS.
Montauk Renewables Stock Down 8.8 %
Montauk Renewables stock traded down $0.22 during mid-day trading on Friday, hitting $2.27. The company's stock had a trading volume of 97,037 shares, compared to its average volume of 157,643. The company has a market cap of $325.45 million, a PE ratio of 14.09 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. The firm's 50 day moving average is $4.04 and its 200 day moving average is $4.48. Montauk Renewables has a 52-week low of $2.30 and a 52-week high of $6.22.
Analyst Ratings Changes
Several equities research analysts recently commented on MNTK shares. UBS Group dropped their target price on Montauk Renewables from $6.25 to $3.00 and set a "neutral" rating on the stock in a report on Friday. B. Riley decreased their target price on Montauk Renewables from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Friday.
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Montauk Renewables Company Profile
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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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