Montauk Renewables (NASDAQ:MNTK) Upgraded to “Buy” at Wall Street Zen

Montauk Renewables (NASDAQ:MNTK) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently weighed in on the company. Zacks Research cut Montauk Renewables from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Weiss Ratings raised Montauk Renewables from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, September 24th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $1.80.

Montauk Renewables Trading Down 7.4%

Shares of NASDAQ:MNTK opened at $0.95 on Friday. The company’s 50-day moving average price is $2.34 and its two-hundred day moving average price is $1.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.62 and a quick ratio of 0.62. Montauk Renewables has a one year low of $0.94 and a one year high of $3.28. The stock has a market capitalization of $135.82 million, a PE ratio of 15.91 and a beta of 0.70.

Institutional Investors Weigh In On Montauk Renewables

Hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC acquired a new position in shares of Montauk Renewables in the third quarter valued at approximately $38,000. Russell Investments Group Ltd. lifted its holdings in Montauk Renewables by 661.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 430,267 shares of the company’s stock worth $1,176,000 after purchasing an additional 373,769 shares during the last quarter. Bank of America Corp DE acquired a new stake in Montauk Renewables during the 2nd quarter worth approximately $70,000. Ieq Capital LLC bought a new stake in Montauk Renewables in the 2nd quarter valued at $52,000. Finally, BlackRock Inc. bought a new stake in Montauk Renewables in the 2nd quarter valued at $7,347,000. 16.35% of the stock is currently owned by institutional investors and hedge funds.

Montauk Renewables Company Profile

Montauk Renewables, Inc. develops, owns and operates renewable energy projects that capture and process biogas from landfills and other sources. The company converts this gas into renewable natural gas (RNG) and renewable electricity. Its activities include collecting and treating biogas, upgrading it to pipeline-quality RNG, and generating electricity for delivery to power markets. The company also earns environmental attributes associated with renewable energy production. Montauk Renewables’ projects are located in the United States.