Mammooth Energy Forecasted to Post Q3 2017 Earnings of $0.04 Per Share (TUSK)
Mammooth Energy (NASDAQ:TUSK) – Equities researchers at Capital One Financial Corporation dropped their Q3 2017 EPS estimates for Mammooth Energy in a note issued to investors on Friday. Capital One Financial Corporation analyst L. Lemoine now expects that the energy company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.11. Capital One Financial Corporation also issued estimates for Mammooth Energy’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $1.08 EPS.
Mammooth Energy (NASDAQ:TUSK) last posted its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The company had revenue of $98.26 million for the quarter, compared to analysts’ expectations of $92.14 million. Mammooth Energy had a negative return on equity of 3.31% and a negative net margin of 21.65%. Mammooth Energy’s revenue was up 42.1% compared to the same quarter last year.
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A number of other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Mammooth Energy from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, May 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $19.00 price target (down previously from $22.00) on shares of Mammooth Energy in a research note on Wednesday, July 12th. Nomura assumed coverage on Mammooth Energy in a research note on Wednesday, April 19th. They issued a “buy” rating and a $32.00 price target on the stock. R. F. Lafferty assumed coverage on Mammooth Energy in a research note on Wednesday, June 14th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Instinet reaffirmed a “buy” rating and issued a $32.00 price target on shares of Mammooth Energy in a research note on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $23.00.
Shares of Mammooth Energy (TUSK) opened at 13.11 on Monday. The firm has a 50-day moving average price of $16.70 and a 200-day moving average price of $18.63. Mammooth Energy has a 1-year low of $11.91 and a 1-year high of $24.54. The company has a market capitalization of $583.40 million and a PE ratio of 140.97.
A number of hedge funds have recently made changes to their positions in TUSK. American International Group Inc. bought a new stake in shares of Mammooth Energy during the first quarter valued at approximately $103,000. EAM Investors LLC bought a new stake in shares of Mammooth Energy during the first quarter valued at approximately $588,000. Victory Capital Management Inc. raised its stake in shares of Mammooth Energy by 126.5% in the first quarter. Victory Capital Management Inc. now owns 67,957 shares of the energy company’s stock valued at $1,462,000 after buying an additional 37,957 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Mammooth Energy by 30.6% in the first quarter. 1st Global Advisors Inc. now owns 25,974 shares of the energy company’s stock valued at $559,000 after buying an additional 6,090 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mammooth Energy by 85.5% in the first quarter. Bank of New York Mellon Corp now owns 28,437 shares of the energy company’s stock valued at $611,000 after buying an additional 13,104 shares in the last quarter. 63.30% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Arthur L. Smith purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were acquired at an average price of $16.91 per share, with a total value of $101,460.00. Following the purchase, the director now directly owns 6,667 shares in the company, valued at $112,738.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.
Mammooth Energy Company Profile
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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