MKR - Montauk Renewables Inc
Montauk Renewables is a renewable energy company specializing in recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. The company develops, owns, and operates renewable natural gas ("RNG") projects in the US, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. Montauk Renewables established its operating portfolio of 12 RNG and three renewable electricity projects through self-development, partnerships, and acquisitions resulting in revenue growth from $34 million in 2014 to $107.4 million in 2019.
Currently, Montauk Renewables' operating projects generate RNG from landfill sites and livestock farms, the latter being a significant opportunity to expand the RNG business as other agricultural markets are evaluated. The projects provide their landfill and livestock farm partners benefits including a means to monetize biogas from their sites, support for their regulatory compliance, and provision of environmental services. Revenues of Montauk Renewables are generated from the sale of renewable natural gas and electricity, under long-term contracts, along with the environmental attributes that are derived from these products.
Montauk Renewables, which is domiciled in the US, is not registered as an external company in South Africa. The company has appointed Computershare Investor Services Proprietary Limited as its transfer secretaries in South Africa, which have their registered address and primary place of business at Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196, South Africa. Montauk's transfer agent in the US is Computershare Investor Services with its registered address and primary place of business in Louisville, Kentucky.
Montauk Renewables Inc is listed on the Johannesburg Stock Exchange (JSE) since January 25th, 2021. Montauk Renewables is traded on the JSE under the ticker symbol “MKR”. The International Securities Identification Number (ISIN) of JSE:MKR is US61218C1036. Montauk Renewables Inc is currently the 103rd most valuable stock on the JSE with a market capitalization of ZAR 9.38 billion, which makes about 0.049% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 65.03 |
| Day’s High Price | 68.89 |
| Traded Volume | 16,852 |
| Number of Deals | 50 |
| Gross Turnover | 1.12M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 2.0306 |
| Price/Earning Ratio | 32.75 |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 141M |
| Market Capitalization | 9.38B |
MKR Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -16.9% | -18.6% | -54.1% |
| 6MO | 1YR | YTD |
|---|---|---|
| -65% | -43.2% | -61.3% |
The current share price of Montauk Renewables Inc (MKR) is ZAR 66.50. MKR closed its last trading day (Friday, April 19, 2024) at 66.50 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 1.5% drop from its previous closing price of 67.54 ZAR. Montauk Renewables began the year with a share price of 172.00 ZAR but has since lost 61.3% off that price valuation, ranking it 384th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that MKR has lost 19% of the stock’s value from March 19th to date.
Montauk Renewables is the 266th most traded stock on the Johannesburg Stock Exchange over the past three months (Jan 19 - Apr 19, 2024). MKR has traded a total volume of 1.36 million shares—in 7,093 deals—valued at ZAR 121 million over the period, with an average of 21,662 traded shares per session. A volume high of 203,623 was achieved on March 19th, and a low of 130 on January 25th, for the same period. The table below details the last 10 trading days of activity of Montauk Renewables on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2024-04-19 | 16,852 | 66.50 | -1.04 | -1.54% |
| 2024-04-18 | 6,653 | 67.54 | -1.99 | -2.86% |
| 2024-04-17 | 14,092 | 69.53 | -4.40 | -5.95% |
| 2024-04-16 | 23,844 | 73.93 | -0.30 | -0.40% |
| 2024-04-15 | 13,115 | 74.23 | -5.77 | -7.21% |
| 2024-04-12 | 22,973 | 80.00 | +1.73 | +2.21% |
| 2024-04-11 | 23,615 | 78.27 | -3.73 | -4.55% |
| 2024-04-10 | 20,143 | 82.00 | -3.40 | -3.98% |
| 2024-04-09 | 58,758 | 85.40 | +0.95 | +1.12% |
| 2024-04-08 | 4,553 | 84.45 |
Profile of Montauk Renewables Inc
Montauk Renewables Inc was founded on September 21, 2020 and operates in the Oil & Gas sector, specifically, the Alternative Energy industry.
Factsheet of Montauk Renewables Inc
- Sector
- Oil & Gas
- Industry
- Alternative Energy
- Address
- 680 Andersen Drive, Foster Plaza Suite 10, Pittsburgh, Pennsylvania, 15220, United States
- Telephone
- +1-412-747-8700
- Website
- www.montaukenergy.com
MKR Industrial Market Competitors
Montauk Renewables Inc, issuers of the MKR stock on the Johannesburg Stock Exchange, have two market competitors who are also engaged in the Oil & Gas sector and/or Alternative Energy industry. The table below presents an overview of their market standing.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| TGA | Thungela Resources Ltd | 19.4B | 138.15 | -10.2% |
| REN | Renergen Limited | 1.88B | 12.75 | -18.8% |
