Mullen Group Ltd (TSE:MTL) Director Christine Ellen Mcginley acquired 852 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was purchased at an average price of C$15.30 per share, with a total value of C$13,035.60.

Christine Ellen Mcginley also recently made the following trade(s):

  • On Monday, June 11th, Christine Ellen Mcginley bought 1,930 shares of Mullen Group stock. The shares were bought at an average cost of C$15.00 per share, for a total transaction of C$28,950.00.

TSE:MTL traded up C$0.12 during trading hours on Friday, hitting C$14.88. 67,100 shares of the company’s stock traded hands, compared to its average volume of 110,512. Mullen Group Ltd has a twelve month low of C$14.10 and a twelve month high of C$17.62.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Wednesday, July 25th. The company reported C$0.15 earnings per share for the quarter, beating the consensus estimate of C$0.10 by C$0.05. The firm had revenue of C$295.70 million for the quarter, compared to analyst estimates of C$286.40 million. Mullen Group had a return on equity of 2.17% and a net margin of 1.81%.

The company also recently announced a monthly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, August 30th.

A number of equities research analysts have recently issued reports on MTL shares. National Bank Financial boosted their target price on Mullen Group from C$16.50 to C$17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 12th. Raymond James boosted their target price on Mullen Group from C$14.70 to C$14.85 and gave the stock a “market perform” rating in a research report on Tuesday, June 12th. Industrial Alliance Securities boosted their target price on Mullen Group from C$18.00 to C$18.25 in a research report on Tuesday, June 12th. Canaccord Genuity boosted their target price on Mullen Group from C$15.75 to C$16.25 in a research report on Tuesday, July 10th. Finally, Cormark raised Mullen Group from a “market perform” rating to a “buy” rating and boosted their target price for the stock from C$15.00 to C$19.00 in a research report on Friday, July 27th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$17.26.

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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