Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) - Research analysts at B. Riley dropped their Q4 2024 earnings per share estimates for Montauk Renewables in a research report issued on Thursday, February 27th. B. Riley analyst R. Pfingst now anticipates that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.12. The consensus estimate for Montauk Renewables' current full-year earnings is $0.19 per share. B. Riley also issued estimates for Montauk Renewables' FY2025 earnings at $0.10 EPS.
Montauk Renewables Trading Down 13.4 %
Shares of NASDAQ:MNTK traded down $0.46 during midday trading on Monday, hitting $2.97. 163,335 shares of the stock were exchanged, compared to its average volume of 141,506. The stock has a market capitalization of $425.80 million, a price-to-earnings ratio of 18.56 and a beta of -0.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04. The business's 50-day moving average price is $4.22 and its 200 day moving average price is $4.58. Montauk Renewables has a 12 month low of $2.97 and a 12 month high of $6.22.
Institutional Trading of Montauk Renewables
Hedge funds and other institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Montauk Renewables during the fourth quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Montauk Renewables by 105.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company's stock valued at $26,000 after acquiring an additional 2,509 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Montauk Renewables in the fourth quarter valued at approximately $40,000. ABC Arbitrage SA bought a new stake in Montauk Renewables in the fourth quarter valued at approximately $55,000. Finally, ProShare Advisors LLC boosted its holdings in Montauk Renewables by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 18,588 shares of the company's stock valued at $74,000 after acquiring an additional 6,117 shares during the last quarter. 16.35% of the stock is currently owned by institutional investors.
About Montauk Renewables
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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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