Montauk Renewables (NASDAQ:MNTK) Announces Earnings Results

Montauk Renewables (NASDAQ:MNTKGet Free Report) announced its earnings results on Thursday. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03, Zacks reports. Montauk Renewables had a net margin of 8.55% and a return on equity of 6.32%. The company had revenue of $38.79 million during the quarter. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Montauk Renewables updated its FY 2024 guidance to EPS.

Montauk Renewables Stock Up 11.2 %

Shares of Montauk Renewables stock traded up $0.47 during trading on Friday, hitting $4.67. 562,756 shares of the stock traded hands, compared to its average volume of 281,350. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.07 and a current ratio of 3.07. The stock has a market cap of $670.71 million, a P/E ratio of 42.46 and a beta of -0.40. Montauk Renewables has a twelve month low of $3.38 and a twelve month high of $10.95. The company has a fifty day moving average price of $4.21 and a two-hundred day moving average price of $6.86.

Analyst Ratings Changes

MNTK has been the subject of a number of recent analyst reports. Scotiabank decreased their price objective on shares of Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. B. Riley reduced their price objective on Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, TheStreet cut Montauk Renewables from a “c-” rating to a “d+” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from, Montauk Renewables presently has an average rating of “Hold” and a consensus target price of $7.75.

Get Our Latest Report on Montauk Renewables

Montauk Renewables Company Profile

(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.

Recommended Stories

Earnings History for Montauk Renewables (NASDAQ:MNTK)

Receive News & Ratings for Montauk Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montauk Renewables and related companies with's FREE daily email newsletter.