$136.81 Million in Sales Expected for MAMMOOTH ENERGY (TUSK) This Quarter
Wall Street brokerages expect that MAMMOOTH ENERGY (NASDAQ:TUSK) will announce $136.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for MAMMOOTH ENERGY’s earnings, with estimates ranging from $130.92 million to $142.71 million. MAMMOOTH ENERGY reported sales of $62.77 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 118%. The business is scheduled to issue its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that MAMMOOTH ENERGY will report full year sales of $136.81 million for the current fiscal year, with estimates ranging from $457.53 million to $479.59 million. For the next financial year, analysts forecast that the firm will post sales of $778.33 million per share, with estimates ranging from $678.00 million to $898.51 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow MAMMOOTH ENERGY.
MAMMOOTH ENERGY (NASDAQ:TUSK) last issued its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $98.26 million during the quarter, compared to the consensus estimate of $92.14 million. MAMMOOTH ENERGY had a negative net margin of 21.65% and a negative return on equity of 3.04%. The company’s revenue for the quarter was up 42.1% on a year-over-year basis.
TUSK has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $19.00 target price (down previously from $22.00) on shares of MAMMOOTH ENERGY in a report on Wednesday, July 12th. Barclays PLC downgraded shares of MAMMOOTH ENERGY from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $26.00 to $17.00 in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of MAMMOOTH ENERGY from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. R. F. Lafferty initiated coverage on shares of MAMMOOTH ENERGY in a report on Wednesday, June 14th. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Imperial Capital initiated coverage on shares of MAMMOOTH ENERGY in a report on Friday, August 18th. They issued an “outperform” rating and a $16.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. MAMMOOTH ENERGY currently has an average rating of “Buy” and a consensus price target of $22.55.
In related news, Director James D. Palm acquired 6,000 shares of MAMMOOTH ENERGY stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $12.75 per share, for a total transaction of $76,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TUSK. Janus Henderson Group PLC acquired a new stake in shares of MAMMOOTH ENERGY in the second quarter valued at about $43,970,000. American Century Companies Inc. lifted its stake in shares of MAMMOOTH ENERGY by 54.7% in the second quarter. American Century Companies Inc. now owns 627,081 shares of the energy company’s stock valued at $11,664,000 after purchasing an additional 221,656 shares during the period. King Luther Capital Management Corp acquired a new stake in shares of MAMMOOTH ENERGY in the first quarter valued at about $2,916,000. Royce & Associates LP lifted its stake in shares of MAMMOOTH ENERGY by 1,551.3% in the second quarter. Royce & Associates LP now owns 128,800 shares of the energy company’s stock valued at $2,396,000 after purchasing an additional 121,000 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of MAMMOOTH ENERGY in the first quarter valued at about $1,896,000. Hedge funds and other institutional investors own 73.44% of the company’s stock.
MAMMOOTH ENERGY (NASDAQ TUSK) opened at 14.02 on Friday. The firm has a market cap of $623.92 million and a P/E ratio of 150.75. MAMMOOTH ENERGY has a 12 month low of $10.88 and a 12 month high of $24.54. The firm has a 50 day moving average of $13.29 and a 200-day moving average of $17.53.
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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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