FY2018 Earnings Estimate for MAMMOOTH ENERGY Issued By Capital One Financial Corporation (TUSK)
MAMMOOTH ENERGY (NASDAQ:TUSK) – Equities research analysts at Capital One Financial Corporation boosted their FY2018 earnings per share (EPS) estimates for MAMMOOTH ENERGY in a research note issued to investors on Monday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the energy company will earn $0.76 per share for the year, up from their previous forecast of $0.74.
MAMMOOTH ENERGY (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. MAMMOOTH ENERGY had a negative net margin of 21.65% and a negative return on equity of 3.04%. The business had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. MAMMOOTH ENERGY’s quarterly revenue was up 42.1% on a year-over-year basis.
A number of other research analysts also recently commented on TUSK. R. F. Lafferty initiated coverage on shares of MAMMOOTH ENERGY in a research note on Wednesday, June 14th. They set a “buy” rating and a $37.00 price objective for the company. Barclays PLC downgraded shares of MAMMOOTH ENERGY from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $26.00 to $17.00 in a research note on Wednesday, July 12th. Piper Jaffray Companies reissued a “buy” rating and set a $19.00 target price (down previously from $22.00) on shares of MAMMOOTH ENERGY in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of MAMMOOTH ENERGY from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $18.00 target price (down previously from $25.00) on shares of MAMMOOTH ENERGY in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. MAMMOOTH ENERGY currently has an average rating of “Buy” and an average price target of $22.27.
Shares of MAMMOOTH ENERGY (NASDAQ TUSK) traded down 1.88% during midday trading on Wednesday, hitting $16.16. 32,250 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $15.73 and its 200 day moving average price is $15.73. MAMMOOTH ENERGY has a one year low of $10.88 and a one year high of $24.54. The firm’s market cap is $719.15 million.
A number of institutional investors and hedge funds have recently bought and sold shares of TUSK. Teachers Advisors LLC acquired a new stake in MAMMOOTH ENERGY during the 4th quarter worth approximately $184,000. Russell Investments Group Ltd. increased its position in MAMMOOTH ENERGY by 14.0% during the 1st quarter. Russell Investments Group Ltd. now owns 116,510 shares of the energy company’s stock worth $2,506,000 after purchasing an additional 14,264 shares in the last quarter. Wells Fargo & Company MN increased its position in MAMMOOTH ENERGY by 4.1% during the 1st quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock worth $852,000 after purchasing an additional 1,566 shares in the last quarter. Bank of New York Mellon Corp increased its position in MAMMOOTH ENERGY by 85.5% during the 1st quarter. Bank of New York Mellon Corp now owns 28,437 shares of the energy company’s stock worth $611,000 after purchasing an additional 13,104 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in MAMMOOTH ENERGY by 126.5% during the 1st quarter. Victory Capital Management Inc. now owns 67,957 shares of the energy company’s stock worth $1,462,000 after purchasing an additional 37,957 shares in the last quarter. 73.44% of the stock is owned by hedge funds and other institutional investors.
In other MAMMOOTH ENERGY news, Director James D. Palm bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $12.75 per share, with a total value of $76,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.
About MAMMOOTH ENERGY
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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