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Last C$20.87 CAD
Change Today +0.28 / 1.36%
Volume 35.8K
MTL On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 11:28 AM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

mullen group ltd (MTL) Snapshot

Open
C$20.65
Previous Close
C$20.59
Day High
C$20.99
Day Low
C$20.60
52 Week High
07/4/14 - C$31.34
52 Week Low
01/15/15 - C$18.10
Market Cap
1.9B
Average Volume 10 Days
254.3K
EPS TTM
C$0.95
Shares Outstanding
91.7M
EX-Date
05/27/15
P/E TM
22.0x
Dividend
C$1.20
Dividend Yield
5.75%
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. Declares Monthly Dividend, Payable on June 15, 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 May 31, 2015. The dividend will be paid on June 15, 2015.

Mullen Group Seeks Acquisitions

Mullen Group Ltd. (TSX:MTL) Chairman, President and Chief Executive Officer, Murray Mullen responded to a query regarding prospects for acquisitions on the trucking side in 2015 by saying, "It is a fragmented industry and to be blunt, it is an industry that has to probably consolidate and you are getting very little pricing leverage therefore it must be more efficient and I think that is where we view it as is we will look for acquisitions that we can get some leverage and get some cost-saving initiatives and some better productivity improvements in certain areas and those kind of things."

Mullen Group Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Mullen Group Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $337.2 million against $412.0 million a year ago. This decrease in revenue was directly attributable to the Oilfield Services segment, where revenue declined by $114.4 million, or 42.0%, to $158.2 million as compared to $272.6 million in the same period one year earlier. Low commodity prices have reduced capital investments and drilling activity within western Canada's sedimentary basin, which has negatively impacted almost all of services lines within the Oilfield Services segment. Specifically, the decrease was due to a reduction in revenue generated by those Operating Entities involved in the transportation of fluids and servicing of wells, which resulted from a combination of lower activity levels and intense competition accompanied by lower rates. Revenue also decreased due to the cancellation of core drilling programs within the oil sands, project delays related to large diameter pipeline construction projects and from a reduction in revenue from those Operating Entities most directly tied to oil and natural gas drilling activity in western Canada. These decreases were somewhat offset by an increase in the demand for dewatering services and from the incremental revenue generated from acquiring the business of Recon Utility Search N.A. Inc. Total operating income was $64.8 million against $91.2 million a year ago. The decrease was primarily attributable to the Oilfield Services segment that experienced a $37.4 million decrease in operating income. This $37.4 million decrease was mainly due to the cancellation of core drilling programs within the oil sands, project delays related to large diameter pipeline construction projects combined with intense competition and pricing pressures experienced by those Operating Entities involved in the transportation of fluids and servicing of wells. The declines in the Oilfield Services segment were somewhat offset by gains of $3.9 million in the Trucking/Logistics segment, which mainly resulted from the acquisition of Gardewine and Bernard. Net income was $2.8 million or $0.03 per share against $36.3 million or $0.40 per share a year ago. Adjusted net income was $24.9 million or $0.27 per share against $47.2 million or $0.52 per share a year ago. Net cash from operating activities was $41.9 million against $35.1 million a year ago.

 

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Industry Analysis

MTL

Industry Average

Valuation MTL Industry Range
Price/Earnings 32.2x
Price/Sales 1.4x
Price/Book 2.2x
Price/Cash Flow 13.2x
TEV/Sales 0.8x
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