Mullen Group Ltd (TSE:MTL) declared a monthly dividend on Thursday, September 20th, Zacks reports. Shareholders of record on Sunday, September 30th will be given a dividend of 0.05 per share on Monday, October 15th. This represents a $0.60 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, September 27th.
Shares of Mullen Group stock traded up C$0.03 on Wednesday, hitting C$15.20. The company had a trading volume of 114,013 shares, compared to its average volume of 111,631. Mullen Group has a 52 week low of C$14.10 and a 52 week high of C$17.45.
Mullen Group (TSE:MTL) last issued its earnings results on Wednesday, July 25th. The company reported C$0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.10 by C$0.05. The firm had revenue of C$295.70 million during the quarter, compared to analysts’ expectations of C$286.40 million. Mullen Group had a net margin of 1.81% and a return on equity of 2.17%.
A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Mullen Group from C$16.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. BMO Capital Markets raised their target price on shares of Mullen Group from C$16.00 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. Cormark upgraded shares of Mullen Group from a “market perform” rating to a “buy” rating and raised their target price for the stock from C$15.00 to C$19.00 in a report on Friday, July 27th. CIBC raised their target price on shares of Mullen Group from C$17.00 to C$18.00 in a report on Friday, July 27th. Finally, Canaccord Genuity raised their target price on shares of Mullen Group from C$16.25 to C$17.50 in a report on Friday, August 17th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company 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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