Montauk Renewables (NASDAQ:MNTK) declared that its board has authorized a share buyback plan on Tuesday, April 15th, reports. The company plans to buyback $5.00 million in shares. This buyback authorization authorizes the company to buy up to 1.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued. Montauk Renewables (NASDAQ:MNTK – Get Free Report) opened at $1.99 on Wednesday. The stock has a market cap of $285.24 million, a P/E ratio of 12.44 and a beta of 0.05. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $2.94 and its two-hundred day moving average price is $4.05. Montauk Renewables has a twelve month low of $1.75 and a twelve month high of $6.22. Montauk Renewables last announced its earnings results on Thursday, March 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. The company had revenue of $27.74 million during the quarter, compared to analysts’ expectations of $59.92 million. As a group, equities analysts predict that Montauk Renewables will post 0.19 EPS for the current fiscal year. MNTK has been the topic of a number of recent analyst reports. Scotiabank lowered their price target on shares of Montauk Renewables from $6.00 to $4.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. UBS Group lowered their target price on shares of Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Finally, B. Riley cut their price target on shares of Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Friday, March 14th.

Montauk Renewables (NASDAQ:MNTK) to Repurchase $5.00 million in Outstanding Stock

Montauk Renewables (NASDAQ:MNTK) announced a share buyback plan on April 15th, authorizing the company to purchase up to 1.8% of its shares worth $5.00 million. This move reflects the company's belief in the undervaluation of its stock. The company's stock opened at $1.99 on April 16th, with a market cap of $285.24 million. Recent earnings results indicated a loss of $0.06 per share, missing analysts' estimates by $0.11. Analysts predict an EPS of 0.19 for the current fiscal year. Several analysts have recently revised their price targets, including Scotiabank, UBS Group, and B. Riley.