Scotiabank Has Bearish Estimate for MNTK FY2025 Earnings

Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) - Equities researchers at Scotiabank cut their FY2025 earnings estimates for Montauk Renewables in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the company will earn $0.08 per share for the year, down from their previous estimate of $0.10. The consensus estimate for Montauk Renewables' current full-year earnings is $0.19 per share. Scotiabank also issued estimates for Montauk Renewables' FY2026 earnings at $0.08 EPS.

A number of other brokerages also recently commented on MNTK. UBS Group reduced their target price on shares of Montauk Renewables from $6.25 to $3.00 and set a "neutral" rating for the company in a report on Friday, March 14th. B. Riley reduced their price target on Montauk Renewables from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Friday, March 14th.

Montauk Renewables Trading Down 1.1 %

Shares of NASDAQ MNTK traded down $0.03 during trading hours on Monday, reaching $2.28. The stock had a trading volume of 172,411 shares, compared to its average volume of 197,079. Montauk Renewables has a 52-week low of $2.00 and a 52-week high of $6.22. The firm has a market cap of $324.04 million, a price-to-earnings ratio of 14.22 and a beta of -0.20. The business's fifty day moving average price is $3.73 and its two-hundred day moving average price is $4.37. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.17.

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Montauk Renewables (NASDAQ:MNTK - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11). The business had revenue of $27.74 million for the quarter, compared to the consensus estimate of $59.92 million. Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%.

Hedge Funds Weigh In On Montauk Renewables

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Montauk Renewables during the 4th quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 purchasing an additional 2,509 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Montauk Renewables in the 4th quarter worth $40,000. ABC Arbitrage SA acquired a new stake in Montauk Renewables in the fourth quarter valued at about $55,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Montauk Renewables by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 18,588 shares of the company's stock valued at $74,000 after buying an additional 6,117 shares during the period. 16.35% of the stock is currently owned by hedge funds and other institutional investors.

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.