In a report released today, Paul Cheng from Scotiabank maintained a Buy rating on Montauk Renewables (MNTK – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $5.09.
According to TipRanks, Cheng is a 4-star analyst with an average return of 3.3% and a 51.60% success rate. Cheng covers the Energy sector, focusing on stocks such as APA, Shell, and TotalEnergies.
Montauk Renewables has an analyst consensus of Moderate Buy, with a price target consensus of $8.00.
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The company has a one-year high of $10.95 and a one-year low of $4.36. Currently, Montauk Renewables has an average volume of 290.9K.
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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.
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