$0.02 Earnings Per Share Expected for Mammooth Energy (TUSK) This Quarter
Analysts predict that Mammooth Energy (NASDAQ:TUSK) will report earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mammooth Energy’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.00. Mammooth Energy reported earnings of ($0.08) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 125%. The firm is expected to announce its next earnings report after the market closes on Wednesday, November 1st.
According to Zacks, analysts expect that Mammooth Energy will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.42. For the next financial year, analysts forecast that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.25 to $1.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Mammooth Energy.
Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The business had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The company’s revenue was up 42.1% on a year-over-year basis.
A number of brokerages recently issued reports on TUSK. Zacks Investment Research upgraded shares of Mammooth Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. ValuEngine raised shares of Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Imperial Capital initiated coverage on shares of Mammooth Energy in a report on Friday, August 18th. They set an “outperform” rating and a $16.00 price target for the company. Piper Jaffray Companies reissued a “buy” rating and set a $19.00 price target (down previously from $22.00) on shares of Mammooth Energy in a report on Wednesday, July 12th. Finally, Barclays PLC downgraded shares of Mammooth Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $26.00 to $17.00 in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Mammooth Energy currently has an average rating of “Buy” and a consensus price target of $22.75.
In other news, Director James D. Palm bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $12.75 per share, for a total transaction of $76,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TUSK. Wells Fargo & Company MN raised its stake in shares of Mammooth Energy by 4.1% in the first quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock valued at $852,000 after purchasing an additional 1,566 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Mammooth Energy by 85.5% during the first quarter. Bank of New York Mellon Corp now owns 28,437 shares of the energy company’s stock worth $611,000 after acquiring an additional 13,104 shares in the last quarter. American International Group Inc. acquired a new position in Mammooth Energy during the first quarter worth $103,000. TIAA CREF Investment Management LLC raised its stake in Mammooth Energy by 40.5% during the first quarter. TIAA CREF Investment Management LLC now owns 18,897 shares of the energy company’s stock worth $406,000 after acquiring an additional 5,448 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in Mammooth Energy during the first quarter worth $168,000. Institutional investors and hedge funds own 73.42% of the company’s stock.
Shares of Mammooth Energy (NASDAQ:TUSK) traded up 0.56% during midday trading on Wednesday, hitting $19.84. The company had a trading volume of 206,520 shares. Mammooth Energy has a 12-month low of $10.88 and a 12-month high of $24.54. The firm has a market capitalization of $882.92 million and a P/E ratio of 213.33. The firm’s 50-day moving average is $16.25 and its 200-day moving average is $16.19.
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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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