The notorious ransomware gang, ALPHV/BlackCat, has taken responsibility for a cyber attack on Mammoth Energy, a leading player in the oilfield services industry. The news of the attack was widely circulated on social media by various threat intelligence services, who shared screenshots of the threat actor’s post.
In their post on a data leak site, the cybercriminals brazenly claimed that they had successfully encrypted Mammoth Energy’s network and seized a significant amount of data, including databases, Dynamics GP, and private files. They also accused the company of planning a cover-up to conceal the breach from the authorities.
The Cyber Express, a trusted source for cyber news, reached out to Mammoth Energy for confirmation and additional information about the attack. However, as of now, the company has not provided an official response or statement.
One question that arises in the aftermath of this cyber attack is how it will impact Mammoth Energy’s stock performance. As a publicly traded company, its stock is closely monitored by investors and analysts. On June 16, 2023, Mammoth Energy Services Inc. (NASDAQ:TUSK) concluded the trading session with a share price of $4.46, representing a modest increase of 1.13% compared to the previous day.
Analyzing the stock’s recent performance reveals that it closed at $4.41 before experiencing this slight surge. Throughout the trading day, its price fluctuated within the range of $4.42 to $4.65. Investors often rely on the trailing 12-month price-to-earnings (PE) ratio to assess a stock’s value. In Mammoth Energy’s case, the PE ratio stands at 9.45.
When considering its 52-week price range, Mammoth Energy has witnessed both highs and lows. The stock reached a peak of $8.79 and touched 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 fluctuations provide a dynamic view of Mammoth Energy’s stock performance and indicate the influence of various events on its trajectory.
In addition to stock price, analysts’ estimates offer insights into Mammoth Energy’s financial prospects. Currently, the company boasts a market capitalization of $210.38 million. Analysts project earnings per share (EPS) of $0.1, anticipating growth rates of -$3.2 for 2023 and $0.68 for the following year. These figures might seem staggering, as they represent a -31,900.00% decline in EPS over the next two years, followed by a subsequent 121.30% recovery.
However, it is premature to link the abrupt rise and fall in Mammoth Energy’s stock prices to the cyber attack. The investigation into the attack is still ongoing, and it’s important to await further developments before drawing any conclusions.
It is worth noting that this report is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users assume full responsibility for their reliance on it. The Cyber Express, the source of this report, assumes no liability for the accuracy or consequences of using this information.
As the story of the Mammoth Energy cyber attack continues to unfold, The Cyber Express will keep its readers updated with any new developments.