Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) - Scotiabank decreased their FY2025 EPS estimates for shares of Montauk Renewables in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now expects that the company will post earnings per share of $0.10 for the year, down from their previous estimate of $0.19. 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 $0.11 EPS.
Montauk Renewables Price Performance
Shares of MNTK traded down $0.22 during midday trading on Friday, hitting $4.12. The company's stock had a trading volume of 164,089 shares, compared to its average volume of 231,515. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. Montauk Renewables has a one year low of $3.38 and a one year high of $8.23. The stock has a market capitalization of $590.68 million, a price-to-earnings ratio of 25.75 and a beta of -0.26. The company's fifty day simple moving average is $4.33 and its two-hundred day simple moving average is $4.87.
Hedge Funds Weigh In On Montauk Renewables
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. grew its position in Montauk Renewables by 105.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company's stock worth $26,000 after acquiring an additional 2,509 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in Montauk Renewables during the 3rd quarter worth approximately $73,000. Townsquare Capital LLC bought a new stake in Montauk Renewables during the 3rd quarter worth approximately $75,000. SG Americas Securities LLC acquired a new position in Montauk Renewables in the 3rd quarter valued at approximately $114,000. Finally, Principal Financial Group Inc. raised its stake in shares of Montauk Renewables by 8.9% during the second quarter. Principal Financial Group Inc. now owns 25,902 shares of the company's stock valued at $148,000 after acquiring an additional 2,107 shares during the last quarter. Institutional investors own 16.35% of the company's stock.
About Montauk Renewables
(
Get Free Report)
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.
Further Reading
Before you consider Montauk Renewables, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Montauk Renewables wasn't on the list.
While Montauk Renewables currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
