Mammooth Energy Expected to Post Q3 2017 Earnings of $0.01 Per Share (TUSK)
Mammooth Energy (NASDAQ:TUSK) – Analysts at Jefferies Group issued their Q3 2017 earnings estimates for Mammooth Energy in a report released on Monday. Jefferies Group analyst B. Handler anticipates that the energy company will post earnings of $0.01 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $18.00 price target on the stock. Jefferies Group also issued estimates for Mammooth Energy’s Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.30 EPS and FY2020 earnings at $1.40 EPS.
Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.05. The firm had revenue of $98.26 million during the quarter, compared to the consensus estimate of $92.14 million. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The firm’s quarterly revenue was up 42.1% on a year-over-year basis. TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/24/mammooth-energy-expected-to-post-q3-2017-earnings-of-0-01-per-share-tusk.html.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Mammooth Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Imperial Capital assumed coverage on Mammooth Energy in a research note on Friday, August 18th. They issued an “outperform” rating and a $16.00 target price for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 target price (down from $22.00) on shares of Mammooth Energy in a research note on Wednesday, July 12th. Barclays PLC cut Mammooth Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $26.00 to $17.00 in a research note on Wednesday, July 12th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $18.00 target price (down from $25.00) on shares of Mammooth Energy in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $22.58.
Shares of Mammooth Energy (TUSK) opened at 17.78 on Tuesday. Mammooth Energy has a 52 week low of $10.88 and a 52 week high of $24.54. The stock has a market capitalization of $791.25 million and a P/E ratio of 191.18. The company has a 50-day moving average price of $15.78 and a 200 day moving average price of $15.78.
In other news, Director James D. Palm purchased 6,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $12.75 per share, for a total transaction of $76,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.
Several institutional investors have recently modified their holdings of TUSK. Schwab Charles Investment Management Inc. raised its holdings in Mammooth Energy by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,834 shares of the energy company’s stock worth $555,000 after acquiring an additional 171 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Mammooth Energy by 4.1% during the first quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock worth $852,000 after acquiring an additional 1,566 shares in the last quarter. Teachers Advisors LLC raised its holdings in Mammooth Energy 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 acquiring an additional 1,808 shares in the last quarter. Northern Trust Corp raised its holdings in Mammooth Energy by 2.2% during the second quarter. Northern Trust Corp now owns 92,303 shares of the energy company’s stock worth $1,717,000 after acquiring an additional 1,996 shares in the last quarter. Finally, 1st Global Advisors Inc. raised its holdings in Mammooth Energy by 11.0% during the second quarter. 1st Global Advisors Inc. now owns 28,843 shares of the energy company’s stock worth $536,000 after acquiring an additional 2,869 shares in the last quarter. Institutional investors own 73.44% of the company’s stock.
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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