Scotiabank analyst Paul Cheng maintained a Buy rating on Montauk Renewables (MNTK – Research Report) today and set a price target of $8.00. The company’s shares closed yesterday at $4.20.
According to TipRanks, Cheng is a 4-star analyst with an average return of 3.6% and a 52.74% success rate. Cheng covers the Energy sector, focusing on stocks such as APA, Devon Energy, and Clean Energy Fuels.
Currently, the analyst consensus on Montauk Renewables is a Moderate Buy with an average price target of $6.33.
MNTK market cap is currently $603.2M and has a P/E ratio of 40.00.
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Montauk Renewables (MNTK) Company Description:
Montauk Renewables Inc is a renewable energy company. The firm develops, owns, and operates RNG projects that supply renewable fuel into the transportation and electrical power sectors. The company has two operating segments namely Renewable Natural Gas and Renewable Electricity Generation. It generates a majority of its revenue from the Renewable Natural Gas segment.
Read More on MNTK:
- Montauk Renewables price target lowered to $6 from $7 at B. Riley
- Montauk Renewables Schedules First Quarter 2024 Conference Call for Thursday, May 9, 2024, at 5:00 p.m. ET
- Montauk Renewables price target lowered to $5 from $9.50 at UBS
- Montauk Renewables price target lowered to $8 from $9 at Scotiabank
- Montauk Renewables Welcomes Michael Jacobson to Board
