Are Analysts Expecting A Better 2020 For Montauk Renewables Inc. (MNTK)?

The Vanguard Group, Inc. has recently announced that it has increased stake in Montauk Renewables Inc. (NASDAQ:MNTK) by 0.73%. After grabbing 2.86 million shares, the institutional investor is now in possession of 20611.0 shares of the Utilities Company. The new investment brought the stake of investor firm to 1.99% having worth around $31.5 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.21 million to have a control over 1.81 million shares. And Geode Capital Management LLC raised its holdings to 14854.0 shares by acquiring 1.18 million shares or 0.82% of the stake.

Montauk Renewables Inc. (MNTK) concluded trading on 01/18/23 at a closing price of $11.44, with 0.25 million shares of worth about $2.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.02% during that period and on Wednesday the price saw a loss of about -1.38%. Currently the company’s common shares owned by public are about 141.29M shares, out of which, 40.79M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the MNTK stock and their offered price forecasts bring an average price target of $10.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $8.00. The stock’s current price level is -7.22% below of average price target set by the analysts, while a dip to estimated low would result in loss of -43.0% for the stock. However, touching the estimated high of $15.00 would mean a gain of 23.73% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 11 selling transactions, insiders dumped 167,417 shares.

Frankfurter Aktienfonds fuer Stif, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Montauk Renewables Inc. Frankfurter Aktienfonds fuer Stif is currently holding 5.07 million shares of worth totaling $55.97 million. The company recently came buying 0.0 shares which brought its stake up to 3.53% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 1.43 million shares, have now control over 1.00% of the stake in the company. It holds 14945.0 shares of worth $15.81 million.

Montauk Renewables Inc. (NASDAQ: MNTK) started trading at $11.71, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 12.02, or with a loss of -1.38%. Stock saw a price change of 6.22% in past 5 days and over the past one month there was a price change of 1.06%. Year-to-date (YTD), MNTK shares are showing a performance of 3.72% which increased to 15.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.10 but also hit the highest price of $20.78 during that period. The average intraday trading volume for Montauk Renewables Inc. shares is 439.24K. The stock is currently trading 3.97% above its 20-day simple moving average (SMA20), while that difference is down -2.39% for SMA50 and it goes to -13.91% lower than SMA200.

The Vanguard Group, Inc. acquired 2.86 million shares of Montauk Renewables Inc. having value of about $31.5 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 20611.0 shares in the company valued at close to $235789.84, or have control over 0.73% stake in the company. Montauk Renewables Inc. (NASDAQ: MNTK) currently have 141.29M outstanding shares and institutions hold larger chunk of about 19.90% of that. Holding of mutual funds in the company is about 13.10% while other institutional holders and individual stake holders have control over 7.10% and 1.76% of the stake respectively.

The stock has a current market capitalization of $1.64B. PE ratio of stock for trailing 12 months is 46.89, while it has posted earnings per share of $0.24 in the same period. It has Quick Ratio of 4.00 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MNTK, volatility over the week remained 4.40% while standing at 4.77% over the month.

Analysts are in expectations that Montauk Renewables Inc. (MNTK) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.1 and it is $0.49 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -198.10% while it is estimated to increase by 19.80% in next year.

Analysts at 3 brokerage firms have issued recommendations for the Montauk Renewables Inc. (MNTK)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.70. Out of those 3 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 14, 2022 offering a Sell rating for the stock and assigned a target price of $9 to it. Coverage by ROTH Capital stated Montauk Renewables Inc. (MNTK) stock as a Buy in their note to investors on February 19, 2021, suggesting a price target of $17.50 for the stock.