Scotiabank Reduces Earnings Estimates for Montauk Renewables

Montauk Renewables, Inc. (NASDAQ:MNTK) – Equities researchers at Scotiabank reduced their FY2025 EPS estimates for shares of Montauk Renewables in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings of $0.10 per share for the year, down from their previous forecast of $0.19. 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 $0.11 EPS.

Montauk Renewables Stock Down 2.5 %

Montauk Renewables stock opened at $4.34 on Friday. Montauk Renewables has a 1-year low of $3.38 and a 1-year high of $8.41. The stock has a market cap of $622.22 million, a PE ratio of 27.13 and a beta of -0.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s fifty day moving average is $4.36 and its two-hundred day moving average is $4.88.

Institutional Trading of Montauk Renewables

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Montauk Renewables by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 263,278 shares of the company’s stock worth $1,501,000 after acquiring an additional 7,558 shares during the last quarter. Principal Financial Group Inc. grew its position in Montauk Renewables by 8.9% during the 2nd quarter. Principal Financial Group Inc. now owns 25,902 shares of the company’s stock worth $148,000 after purchasing an additional 2,107 shares during the last quarter. Rhumbline Advisers increased its stake in Montauk Renewables by 2.6% in the second quarter. Rhumbline Advisers now owns 92,138 shares of the company’s stock valued at $525,000 after purchasing an additional 2,366 shares during the period. American Century Companies Inc. raised its holdings in shares of Montauk Renewables by 64.0% in the second quarter. American Century Companies Inc. now owns 95,793 shares of the company’s stock valued at $546,000 after buying an additional 37,384 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Montauk Renewables by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 702,914 shares of the company’s stock worth $4,007,000 after buying an additional 10,711 shares during the period. 16.35% of the stock is owned by hedge funds and other 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.