Scotiabank Analysts Decrease Earnings Estimates for MNTK

Montauk Renewables, Inc. (NASDAQ:MNTK) – Stock analysts at Scotiabank dropped their FY2025 earnings per share estimates for shares of Montauk Renewables in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will earn $0.08 per share for the year, down from their prior 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.

Other equities analysts also recently issued research reports about the company. B. Riley cut their target price on Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. UBS Group cut their price objective on shares of Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th.

Montauk Renewables Trading Down 2.2 %

Shares of MNTK stock opened at $2.25 on Monday. The company has a market cap of $320.48 million, a PE ratio of 14.06 and a beta of -0.20. Montauk Renewables has a 1 year low of $2.00 and a 1 year high of $6.22. The stock’s 50 day simple moving average is $3.70 and its two-hundred day simple moving average is $4.35. 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 (NASDAQ:MNTK) last posted its earnings results on Thursday, March 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%. The business had revenue of $27.74 million during the quarter, compared to the consensus estimate of $59.92 million.

Institutional Investors Weigh In On Montauk Renewables

A number of institutional investors and hedge funds have recently modified their holdings of MNTK. JPMorgan Chase & Co. increased its stake in Montauk Renewables by 237.4% in the third quarter. JPMorgan Chase & Co. now owns 173,483 shares of the company’s stock worth $904,000 after purchasing an additional 122,072 shares during the period. Rhumbline Advisers increased its stake in Montauk Renewables by 3.8% in the 4th quarter. Rhumbline Advisers now owns 90,439 shares of the company’s stock worth $360,000 after buying an additional 3,285 shares during the period. State Street Corp lifted its holdings in Montauk Renewables by 1.6% during the 3rd quarter. State Street Corp now owns 1,613,351 shares of the company’s stock valued at $8,406,000 after buying an additional 25,732 shares in the last quarter. Geode Capital Management LLC boosted its position in Montauk Renewables by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,636,368 shares of the company’s stock valued at $8,527,000 after buying an additional 9,203 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Montauk Renewables by 16.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,749 shares of the company’s stock worth $369,000 after acquiring an additional 9,756 shares in the last quarter. 16.35% of the stock is owned by institutional investors.

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.