Scotiabank Forecasts Weaker Earnings for Montauk Renewables

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

Several other analysts have also issued reports on the company. UBS Group dropped their price objective on Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. B. Riley dropped their price objective on shares of Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th.

Montauk Renewables Stock Performance

Shares of MNTK stock opened at $2.30 on Monday. The company has a fifty day moving average price of $3.73 and a two-hundred day moving average price of $4.37. Montauk Renewables has a one year low of $2.00 and a one year high of $6.22. The stock has a market cap of $327.60 million, a P/E ratio of 14.38 and a beta of -0.20. 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 quarterly earnings results on Thursday, March 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The company 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%.

Institutional Investors Weigh In On Montauk Renewables

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

About Montauk Renewables

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.