MAMMOOTH ENERGY (TUSK) to Release Quarterly Earnings on Wednesday
MAMMOOTH ENERGY (NASDAQ:TUSK) will issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
MAMMOOTH ENERGY (NASDAQ:TUSK) last released its quarterly earnings results 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 business 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 business’s revenue for the quarter was up 42.1% compared to the same quarter last year. On average, analysts expect MAMMOOTH ENERGY to post $-0.06 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.
MAMMOOTH ENERGY (TUSK) opened at 17.51 on Wednesday. The firm has a market cap of $779.23 million and a P/E ratio of 188.28. The stock’s 50 day moving average price is $15.83 and its 200 day moving average price is $15.83. MAMMOOTH ENERGY has a 1-year low of $10.88 and a 1-year high of $24.54.
Several research analysts recently weighed in on the company. Zacks Investment Research cut MAMMOOTH ENERGY from a “buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $18.00 target price (down previously 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. Jefferies Group LLC assumed coverage on MAMMOOTH ENERGY in a research note on Thursday, October 5th. They set a “hold” rating and a $18.00 target price for the company. Imperial Capital raised their target price on MAMMOOTH ENERGY from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.58.
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In related news, Director James D. Palm bought 6,000 shares of MAMMOOTH ENERGY stock in a transaction dated Friday, August 25th. The stock was acquired at an average cost of $12.75 per share, with a total value of $76,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.
A hedge fund recently raised its stake in MAMMOOTH ENERGY stock. State Street Corp grew its stake in shares of MAMMOOTH ENERGY (NASDAQ:TUSK) by 17.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,246 shares of the energy company’s stock after purchasing an additional 16,965 shares during the period. State Street Corp owned about 0.26% of MAMMOOTH ENERGY worth $2,127,000 as of its most recent SEC filing. 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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