Montauk Renewables (NASDAQ:MNTK) Price Target Cut to $3.00 by Analysts at UBS Group

Montauk Renewables (NASDAQ:MNTK - Get Free Report) had its target price cut by UBS Group from $6.25 to $3.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 44.93% from the stock's current price.

Separately, B. Riley decreased their price target on Montauk Renewables from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Friday.

Montauk Renewables Stock Down 6.8 %

Shares of NASDAQ MNTK traded down $0.15 during midday trading on Friday, hitting $2.07. 463,960 shares of the company's stock were exchanged, compared to its average volume of 232,074. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. Montauk Renewables has a twelve month low of $2.01 and a twelve month high of $6.22. The company has a market cap of $296.77 million, a PE ratio of 12.94 and a beta of -0.20. The firm's fifty day simple moving average is $3.94 and its 200-day simple moving average is $4.45.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.11). The firm had revenue of $27.74 million for the quarter, compared to analyst estimates of $59.92 million. Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%. Research analysts predict that Montauk Renewables will post 0.19 EPS for the current fiscal year.

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Hedge Funds Weigh In On Montauk Renewables

Several hedge funds and other institutional investors have recently bought and sold shares of MNTK. Point72 Asia Singapore Pte. Ltd. raised 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 worth $26,000 after acquiring an additional 2,509 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Montauk Renewables by 3.8% in the fourth quarter. Rhumbline Advisers now owns 90,439 shares of the company's stock worth $360,000 after acquiring an additional 3,285 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Montauk Renewables by 7.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,712 shares of the company's stock worth $194,000 after acquiring an additional 3,434 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Montauk Renewables by 12.4% in the third quarter. Verition Fund Management LLC now owns 44,739 shares of the company's stock worth $233,000 after acquiring an additional 4,947 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Montauk Renewables by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 18,588 shares of the company's stock worth $74,000 after acquiring an additional 6,117 shares during the last quarter. 16.35% of the stock is owned by institutional investors and hedge funds.

Montauk Renewables Company Profile

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.