Equities analysts predict that Mammoth Energy Services Inc (NASDAQ:TUSK) will report earnings of $1.07 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Mammoth Energy Services’ earnings, with estimates ranging from $0.91 to $1.17. Mammoth Energy Services reported earnings per share of ($0.02) during the same quarter last year, which would suggest a positive year-over-year growth rate of 5,450%. The company is scheduled to issue its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Mammoth Energy Services will report full year earnings of $4.43 per share for the current fiscal year, with EPS estimates ranging from $4.32 to $4.63. For the next fiscal year, analysts forecast that the business will post earnings of $4.02 per share, with EPS estimates ranging from $3.35 to $5.38. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Mammoth Energy Services.
Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Monday, August 6th. The energy company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.17). Mammoth Energy Services had a net margin of 10.57% and a return on equity of 34.33%. The business had revenue of $533.60 million during the quarter, compared to the consensus estimate of $531.25 million. During the same quarter last year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was up 442.8% compared to the same quarter last year.
TUSK has been the topic of a number of recent research reports. Zacks Investment Research raised Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Saturday, July 7th. Barclays upped their price target on Mammoth Energy Services from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, July 6th. Imperial Capital set a $46.00 price target on Mammoth Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 3rd. BidaskClub cut Mammoth Energy Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Finally, ValuEngine cut Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Mammoth Energy Services has an average rating of “Buy” and a consensus price target of $38.44.
Shares of NASDAQ TUSK traded down $0.77 during trading on Monday, reaching $27.77. 358,200 shares of the stock traded hands, compared to its average volume of 398,546. Mammoth Energy Services has a 52-week low of $13.57 and a 52-week high of $42.30. The stock has a market capitalization of $1.26 billion, a PE ratio of 19.71 and a beta of 0.07.
In other news, Director Meh Sub Llc sold 2,764,400 shares of the company’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $38.01, for a total transaction of $105,074,844.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TUSK. Winslow Evans & Crocker Inc. purchased a new stake in Mammoth Energy Services during the 2nd quarter worth about $122,000. SG Americas Securities LLC purchased a new stake in Mammoth Energy Services during the 2nd quarter worth about $141,000. Meeder Asset Management Inc. lifted its holdings in Mammoth Energy Services by 285.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after purchasing an additional 3,101 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in Mammoth Energy Services during the 2nd quarter worth about $158,000. Finally, Barclays PLC lifted its holdings in Mammoth Energy Services by 343.7% during the 1st quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after purchasing an additional 4,385 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.
About Mammoth Energy Services
Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.
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