Wall Street analysts forecast that Mammoth Energy Services Inc (NASDAQ:TUSK) will post sales of $258.77 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Mammoth Energy Services’ earnings. The highest sales estimate is $278.60 million and the lowest is $222.18 million. Mammoth Energy Services reported sales of $64.79 million in the same quarter last year, which indicates a positive year over year growth rate of 299.4%. The business is expected to announce its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Mammoth Energy Services will report full year sales of $258.77 million for the current financial year, with estimates ranging from $544.16 million to $601.10 million. For the next year, analysts forecast that the business will report sales of $954.49 million per share, with estimates ranging from $865.30 million to $1.04 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Mammoth Energy Services.
Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $149.30 million during the quarter, compared to analyst estimates of $129.58 million. Mammoth Energy Services had a negative return on equity of 2.35% and a negative net margin of 16.41%. Mammoth Energy Services’s revenue was up 135.9% compared to the same quarter last year.
A number of equities research analysts recently commented on the company. BidaskClub raised Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Credit Suisse Group lifted their target price on Mammoth Energy Services from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. ValuEngine raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Imperial Capital lifted their target price on Mammoth Energy Services from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $24.56.
In other Mammoth Energy Services news, CEO Arty Straehla sold 25,842 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total value of $476,784.90. Following the completion of the transaction, the chief executive officer now directly owns 231,711 shares of the company’s stock, valued at $4,275,067.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Mammoth Energy Services in the second quarter valued at approximately $191,000. Nationwide Fund Advisors increased its position in shares of Mammoth Energy Services by 283.0% during the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after purchasing an additional 7,593 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Mammoth Energy Services during the second quarter worth approximately $208,000. Swiss National Bank purchased a new stake in shares of Mammoth Energy Services during the second quarter worth approximately $233,000. Finally, Teachers Advisors LLC increased its position in shares of Mammoth Energy Services by 13.6% during the second quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock worth $280,000 after purchasing an additional 1,808 shares in the last quarter. Institutional investors and hedge funds own 73.60% of the company’s stock.
Shares of Mammoth Energy Services (NASDAQ TUSK) traded down $0.17 during midday trading on Friday, reaching $19.63. The company’s stock had a trading volume of 34,701 shares, compared to its average volume of 96,831. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 1.52. The firm has a market capitalization of $873.58 and a P/E ratio of -11.68. Mammoth Energy Services has a fifty-two week low of $10.88 and a fifty-two week high of $24.54.
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About Mammoth Energy Services
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
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