Montauk Renewables (MNTK) Stock Price, News & Analysis

Company Overview

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. Its customers for RNG and renewable identification numbers (RIN) include large, long-term owner-operators of landfills and livestock farms, local utilities, and large refiners in the natural gas and refining sectors. Montauk Renewables, Inc. was founded in 1980 and is headquartered in Pittsburgh, Pennsylvania.

Key Stats

• Today's Range: $4.27 to $4.52
• 50-Day Range: $3.97 to $6.03
• 52-Week Range: $3.38 to $9.75
• Volume: 190,730 shs
• Average Volume: 281,530 shs
• Market Capitalization: $639.43 million
• P/E Ratio: 27.88
• Dividend Yield: N/A
• Price Target: $6.00
• Consensus Rating: Hold

Montauk Renewables Stock Analysis - MarketRank™

Montauk Renewables scored higher than 55% of companies evaluated by MarketBeat, and ranked 148th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Montauk Renewables has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Montauk Renewables has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 15.79%

Earnings Growth

Earnings for Montauk Renewables are expected to grow by 15.79% in the coming year, from $0.19 to $0.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Montauk Renewables is 27.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Montauk Renewables is 27.88, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.45.

Price to Book Value per Share Ratio

Montauk Renewables has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.01% of the float of Montauk Renewables has been sold short.

Short Interest Ratio / Days to Cover

Montauk Renewables has a short interest ratio ("days to cover") of 9.4.

Change versus previous month

Short interest in Montauk Renewables has recently increased by 2.81%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Montauk Renewables does not currently pay a dividend.

Dividend Growth

Montauk Renewables does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.01% of the float of Montauk Renewables has been sold short.

Short Interest Ratio / Days to Cover

Montauk Renewables has a short interest ratio ("days to cover") of 9.4.

Change versus previous month

Short interest in Montauk Renewables has recently increased by 2.81%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

Montauk Renewables has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Oils/Energy companies.

Search Interest

Only 1 people have searched for MNTK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Montauk Renewables insiders have not sold or bought any company stock.

Percentage Held by Insiders

54.60% of the stock of Montauk Renewables is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 16.35% of the stock of Montauk Renewables is held by institutions.

MNTK Stock Analysis - Frequently Asked Questions

How have MNTK shares performed this year?

Montauk Renewables' stock was trading at $8.91 on January 1st, 2024. Since then, MNTK shares have decreased by 49.9% and is now trading at $4.46.
View the best growth stocks for 2024 here.

How were Montauk Renewables' earnings last quarter?

Montauk Renewables, Inc. (NASDAQ:MNTK) posted its earnings results on Thursday, August, 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by $0.07. The company had revenue of $43.34 million for the quarter, compared to the consensus estimate of $50.63 million. Montauk Renewables had a net margin of 11.80% and a trailing twelve-month return on equity of 8.88%.

When did Montauk Renewables IPO?

Montauk Renewables (MNTK) raised $29 million in an initial public offering on Friday, January 22nd 2021. The company issued 3,900,000 shares at $7.00-$8.00 per share. Roth Capital Partners served as the underwriter for the IPO.

Who are Montauk Renewables' major shareholders?

Montauk Renewables' top institutional investors include Geode Capital Management LLC (1.14%), State Street Corp (1.13%), UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.16%) and Healthcare of Ontario Pension Plan Trust Fund (0.12%). Insiders that own company stock include Sean F Mcclain and Scott E Hill.
View institutional ownership trends.

How do I buy shares of Montauk Renewables?

Shares of MNTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Montauk Renewables own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Montauk Renewables investors own include Netflix (NFLX), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), NVIDIA (NVDA), Home Depot (HD) and First Solar (FSLR).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/13/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Gas & other services combined
• Sub-Industry: N/A
• Current Symbol: NASDAQ:MNTK
• CUSIP: N/A
• CIK: 1826600
• Web: montaukenergy.com
• Phone: 412-747-8700
• Fax: N/A
• Employees: 151
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +34.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.16
• Trailing P/E Ratio: 27.88
• Forward P/E Ratio: 23.47
• P/E Growth: N/A
• Net Income: $14.95 million
• Net Margins: 11.80%
• Pretax Margin: 14.60%
• Return on Equity: 8.88%
• Return on Assets: 6.38%

Debt

• Debt-to-Equity Ratio: 0.17
• Current Ratio: 2.04
• Quick Ratio: 2.04

Sales & Book Value

• Annual Sales: $174.90 million
• Price / Sales: 3.66
• Cash Flow: $0.28 per share
• Price / Cash Flow: 15.91
• Book Value: $1.92 per share
• Price / Book: 2.32

Miscellaneous

• Outstanding Shares: 143,370,000
• Free Float: 65,089,000
• Market Cap: $639.43 million
• Optionable: Optionable
• Beta: -0.21