Mullen Group Ltd (MTL) Director Buys C$28,950.00 in Stock
Mullen Group Ltd (TSE:MTL) Director Christine Ellen Mcginley purchased 1,930 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The shares were acquired at an average cost of C$15.00 per share, with a total value of C$28,950.00.
Mullen Group traded down C$0.02, reaching C$14.73, on Thursday, according to Marketbeat. 12,892 shares of the stock traded hands, compared to its average volume of 116,281. Mullen Group Ltd has a 12 month low of C$14.10 and a 12 month high of C$17.62.
Mullen Group (TSE:MTL) last issued its earnings results on Wednesday, April 25th. The company reported C$0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.15 by C($0.06). The firm had revenue of C$292.13 million for the quarter, compared to the consensus estimate of C$305.07 million. Mullen Group had a net margin of 1.81% and a return on equity of 2.17%.
A number of equities research analysts recently issued reports on MTL shares. Canaccord Genuity decreased their price target on Mullen Group from C$16.00 to C$15.75 in a research note on Wednesday, April 11th. National Bank Financial lowered Mullen Group from an “outperform” rating to a “sector perform” rating and set a C$16.50 price target for the company. in a research note on Thursday, April 26th. TD Securities decreased their price target on Mullen Group from C$17.00 to C$16.00 and set a “hold” rating for the company in a research note on Friday, April 27th. Scotiabank decreased their price target on Mullen Group from C$16.50 to C$16.00 and set a “sector perform” rating for the company in a research note on Friday, April 27th. Finally, Raymond James raised their price target on Mullen Group from C$14.70 to C$14.85 and gave the stock a “market perform” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$16.73.
Mullen Group Company Profile
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.
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