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 71st most valuable stock on the JSE with a market capitalization of ZAR 20.3 billion, which makes about 0.106% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 135.38 |
| Day’s High Price | 144.89 |
| Traded Volume | 1,705 |
| Number of Deals | 22 |
| Gross Turnover | 235,521.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 2.7841 |
| Price/Earning Ratio | 50.81 |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 144M |
| Market Capitalization | 20.3B |
MKR Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +2.88% | +8.82% | -17.4% |
| 6MO | 1YR | YTD |
|---|---|---|
| -29% | -38.3% | -26.3% |
The current share price of Montauk Renewables Inc (MKR) is ZAR 141.46. MKR closed its last trading day (Monday, June 5, 2023) at 141.46 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 4.6% gain over its previous closing price of 135.25 ZAR. Montauk Renewables began the year with a share price of 191.80 ZAR but has since lost 26.3% off that price valuation, ranking it 364th on the JSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 9% increase of MKR share price since May 8th, which is 40th best on JSE.
Montauk Renewables is the 277th most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 2 - Jun 5, 2023). MKR has traded a total volume of 962,159 shares—in 4,383 deals—valued at ZAR 129 million over the period, with an average of 15,272 traded shares per session. A volume high of 129,289 was achieved on May 11th, and a low of 172 on March 30th, 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% |
|---|---|---|---|---|
| 2023-06-05 | 1,705 | 141.46 | +6.21 | +4.59% |
| 2023-06-02 | 8,454 | 135.25 | -4.75 | -3.39% |
| 2023-06-01 | 11,115 | 140.00 | -5.00 | -3.45% |
| 2023-05-31 | 8,356 | 145.00 | +9.75 | +7.21% |
| 2023-05-30 | 4,941 | 135.25 | -2.25 | -1.64% |
| 2023-05-29 | 6,420 | 137.50 | +3.50 | +2.61% |
| 2023-05-26 | 26,766 | 134.00 | +6.50 | +5.10% |
| 2023-05-25 | 6,607 | 127.50 | +0.40 | +0.31% |
| 2023-05-24 | 5,768 | 127.10 | -1.78 | -1.38% |
| 2023-05-23 | 6,836 | 128.88 |
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 three 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 |
|---|---|---|---|---|
| REN | Renergen Limited | 2.74B | 18.78 | -21.6% |
| TGA | Thungela Resources Ltd | 18.3B | 129.92 | -54.7% |
| OAO | Oando Plc | 1.62B | 0.13 | -56.7% |
