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Last C$18.60 CAD
Change Today +0.62 / 3.45%
Volume 301.8K
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mullen group ltd (MTL) Snapshot

Open
C$17.92
Previous Close
C$17.98
Day High
C$18.89
Day Low
C$17.90
52 Week High
08/28/14 - C$29.18
52 Week Low
08/24/15 - C$14.71
Market Cap
1.7B
Average Volume 10 Days
310.1K
EPS TTM
C$0.73
Shares Outstanding
91.7M
EX-Date
08/27/15
P/E TM
25.6x
Dividend
C$1.20
Dividend Yield
6.45%
Current Stock Chart for MULLEN GROUP LTD (MTL)

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mullen group ltd (MTL) Details

Mullen Group Ltd. provides transportation and related services to the oil and natural gas industry in Western Canada. The company’s Oilfield Services segment offers specialized transportation, drilling, well-servicing, and dewatering services, which include transporting of shipments; conductor pipe setting; core drilling; casing setting; and transportation, handling, storage, and computerized inventory management of oilfield fluids, tubulars and drilling mud, pipe stockpiling, and stringing. The Oilfield Services segment also provides services related to the processing and production of heavy oil, such as well servicing and handling, and transportation and disposal of fluids, as well as frac support, dredging, water management, dewatering, pond reclamation, hydrovac excavation, and drilling rig relocation services. Its Trucking/Logistics segment offers truckload and less-than-truckload general freight services in Canada, the United States, and Mexico. This segment transports general freight; specialized commodities, such as cable, pipe, and steel; over-dimensional loads, including heavy equipment, compressors, and over-sized goods; and dry bulk commodities comprising cement and frac sand. This segment is also involved in the provision of logistics, warehousing and distribution, transload, and intermodal services; and in the production, excavation, and transportation of aggregate and industrial products. The company owns and leases 2,260 power units and has access to 1,085 power units; 7,540 trailers; 33 hydraulic single rigs, 12 auger drilling rigs, and 1 dual rotary rig; 200 pieces of earthmoving equipment; 765 light duty vehicles; 581 trailers and skid mounted dri-prime diesel pumps; 555 submersible pumps; 129 portable diesel generators; 52 sediment control tanks; 20 fusion machines; 51 portable engineered barges; and 4 portable dredges. Mullen Group Ltd. was founded in 1949 and is based in Okotoks, Canada.

5,500 Employees
Last Reported Date: 02/11/15
Founded in 1949

mullen group ltd (MTL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$200.0K
Vice President of Operations
Total Annual Compensation: C$150.0K
Senior Vice President
Total Annual Compensation: C$150.0K
Vice President of Corporate Services and Corp...
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2014.

mullen group ltd (MTL) Key Developments

Mullen Group Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months June 30, 2015

Mullen Group Ltd. reported unaudited consolidated earnings results for the second quarter and six months June 30, 2015. For the quarter, the company's consolidated revenue decreased by $28.6 million, or 9.1%, to $284.8 million as compared to $313.4 million in 2014, due to a $64.7 million decline in revenue in the Oilfield Services segment offset by a $36.2 million increase in the Trucking/Logistics segment. Revenue also decreased due to a reduction in revenue from those Operating Entities most directly tied to oil and natural gas drilling activity in western Canada and from lower demand for dewatering services. Operating income was $46.4 million, a decrease of $5.6 million or 10.8% over the same period in 2014. The decrease was attributable to the Oilfield Services segment that experienced a $13.3 million decrease in operating income, primarily due to the negative impact of low commodity prices on customer demand for the services offered by those Operating Entities involved in the transportation of fluids and servicing of wells, from those Operating Entities most directly tied to oil and natural gas drilling activity in western Canada and from dewatering services. Net income was $0.9 million or $0.01 per share, a decrease of $24.7 million, or 96.5%, compared to $25.6 million or $0.28 per share in 2014. The $24.7 million decrease in net income was mainly attributable to a $5.6 million decrease in operating income, a $10.2 million negative variance in net unrealized foreign exchange and a $7.2 million negative variance in the fair value of investments. Adjusting company's net income and earnings per share to eliminate the impact of the net unrealized foreign exchange gains and losses and the change in fair value of investments during the second quarter of 2015 resulted in adjusted net income of $11.2 million and adjusted earnings per share of $0.12, as compared to $15.1 million and $0.16 per share in 2014, respectively. Net cash from operating activities was $62.7 million or $0.68 per share against $83.4 million or $0.91 per share a year ago. For the six months, the company's consolidated revenue decreased by $103.4 million, or 14.3%, to $622.0 million as compared to $725.4 million in 2014. The majority of this decrease in revenue, specifically $74.8 million, occurred in the first quarter. Operating income decreased to $111.2 million, or 22.3%, as compared to $143.2 million generated in the same period last year. The decrease of $32.0 million was primarily due to the Oilfield Services segment that experienced a $50.7 million decrease in operating income. Net income decreased to $3.7 million, as compared to $61.9 million in 2014. The decrease of $58.2 million was mainly attributable to a $32.0 million decrease in operating income, an $18.1 million negative variance in net unrealized foreign exchange, and an $8.6 million negative variance in the fair value of investments. Net income - adjusted was $36.1 million or $0.39 per share against $62.3 million or $0.68 per share a year ago. Net cash from operating activities was $104.6 million or $1.14 per share against $118.5 million or $1.30 per share a year ago.

Mullen Group Ltd. Declares Monthly Dividend Payable on August 17, 2015

The Board of Directors of Mullen Group Ltd. announced that it has declared a monthly dividend of $0.10 per common share payable to the holders of record of common shares at the close of business on July 31, 2015. The dividend will be paid on August 17, 2015.

Mullen Group Ltd. to Report Q2, 2015 Results on Jul 22, 2015

Mullen Group Ltd. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Jul 22, 2015

 

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Industry Analysis

MTL

Industry Average

Valuation MTL Industry Range
Price/Earnings 43.2x
Price/Sales 1.2x
Price/Book 1.8x
Price/Cash Flow 12.4x
TEV/Sales 0.5x
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