ALPHV/BlackCat ransomware gang has claimed a cyber attack on Mammoth Energy, a prominent player in the oilfield services industry.
Several threat intelligence services have taken to Twitter to alert the public about the Mammoth Energy cyber attack, along with screenshots of the threat actor’s post.
According to the post shared on their data leak site, the perpetrators brazenly declared, “Mammoth Energy is a corrupt organization. We have encrypted their network and seized a significant amount of their data, including databases, Dynamics GP, and private files.
The business is currently plotting a cover-up to conceal this breach from the appropriate authorities.”
The Cyber Express has contacted Mammoth Energy in order to obtain confirmation and additional information regarding the alleged cyber attack. However, at the time of writing, the company had yet to provide an official response or statement.
Did Mammoth Energy cyber attack affect its stock performance?
While the immediate aftermath of this cyber attack unfolds, it’s important to take a step back and assess the overall state of Mammoth Energy cyber attack. As a publicly traded company, its stock performance is closely scrutinized by investors and analysts alike.
On Friday, June 16, 2023, Mammoth Energy Services Inc. (NASDAQ:TUSK) concluded the trading session with a share price of $4.46, exhibiting a modest upward movement of 1.13% compared to the previous day.
Analyzing the stock’s recent performance reveals that Mammoth Energy closed at $4.41 before this slight surge.
Throughout the trading day, its price fluctuated within the range of $4.42 to $4.65. The company’s trailing 12-month price-to-earnings (PE) ratio stands at 9.45, providing investors with a reference point for evaluating the stock’s value.
Considering its 52-week price range, Mammoth Energy has experienced both highs and lows.
The stock reached a peak of $8.79 while touching a low of $2.00. However, over the past 30 days, the stock has shown a positive trend, gaining approximately 15.54% in value.
These developments paint a dynamic picture of Mammoth Energy’s stock performance and indicate the influence of various events that forced its trajectory.
Moving beyond stock price, analysts’ estimates shed light on Mammoth Energy’s financial prospects.
The company currently boasts a market capitalization of $210.38 million. Analysts anticipate earnings per share (EPS) of $0.1, projecting growth rates of -$3.2 for 2023 and $0.68 for the following year.
While these figures may seem staggering, they actually represent an impressive -31,900.00% decline in EPS for the next two years, followed by a subsequent 121.30% recovery.
It is too soon to link the company’s abrupt rise and fall in stock prices to the Mammoth Energy cyber attack, though. This story is ongoing, and we’ll update it if there are any new developments in the Mammoth Energy cyber attack case.
Media Disclaimer: This report is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users bear full responsibility for their reliance on it. The Cyber Express assumes no liability for the accuracy or consequences of using this information.
