Jefferies Group Weighs in on Mammooth Energy’s FY2017 Earnings (TUSK)
Mammooth Energy (NASDAQ:TUSK) – Investment analysts at Jefferies Group issued their FY2017 EPS estimates for Mammooth Energy in a note issued to investors on Monday. Jefferies Group analyst B. Handler expects that the energy company will earn $0.31 per share for the year. Jefferies Group currently has a “Hold” rating and a $18.00 target price on the stock. Jefferies Group also issued estimates for Mammooth Energy’s Q4 2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.54 EPS, FY2018 earnings at $1.44 EPS and FY2019 earnings at $1.30 EPS.
Several other equities analysts also recently commented on TUSK. Barclays PLC downgraded shares of Mammooth Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $26.00 to $17.00 in a research note on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $19.00 price objective (down from $22.00) on shares of Mammooth Energy in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Mammooth Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Credit Suisse Group reaffirmed an “outperform” rating and set a $18.00 price objective (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. Finally, Imperial Capital initiated coverage on shares of Mammooth Energy in a research note on Friday, August 18th. They set an “outperform” rating and a $16.00 price objective for the company. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $22.58.
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Mammooth Energy (NASDAQ:TUSK) opened at 17.51 on Wednesday. The company has a market capitalization of $779.23 million and a price-to-earnings ratio of 188.28. Mammooth Energy has a 52-week low of $10.88 and a 52-week high of $24.54. The stock has a 50 day moving average price of $15.83 and a 200 day moving average price of $15.83.
Mammooth Energy (NASDAQ:TUSK) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The firm had revenue of $98.26 million during the quarter, compared to analyst estimates of $92.14 million. The firm’s revenue for the quarter was up 42.1% on a year-over-year basis.
In related news, Director James D. Palm purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $12.75 per share, with a total value of $76,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. bought a new position in Mammooth Energy in the first quarter worth about $103,000. Royce & Associates LP bought a new position in Mammooth Energy in the first quarter worth about $168,000. Nationwide Fund Advisors raised its stake in Mammooth Energy by 283.0% in the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after buying an additional 7,593 shares in the last quarter. GSA Capital Partners LLP bought a new position in Mammooth Energy in the second quarter worth about $191,000. Finally, Prudential Financial Inc. bought a new position in Mammooth Energy in the second quarter worth about $208,000. 73.44% of the stock is owned by institutional investors.
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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