Analysts expect Mammoth Energy Services, Inc. (NASDAQ:TUSK) to report $258.77 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Mammoth Energy Services’ earnings, with the lowest sales estimate coming in at $222.18 million and the highest estimate coming in at $278.60 million. Mammoth Energy Services reported sales of $64.79 million during the same quarter last year, which indicates a positive year over year growth rate of 299.4%. The firm is expected to issue its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Mammoth Energy Services will report full year sales of $258.77 million for the current fiscal year, with estimates ranging from $544.16 million to $601.10 million. For the next fiscal year, analysts forecast that the company will post sales of $954.49 million per share, with estimates ranging from $865.30 million to $1.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Mammoth Energy Services.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Mammoth Energy Services had a negative net margin of 0.54% and a negative return on equity of 0.73%. The company had revenue of $149.30 million for the quarter, compared to analysts’ expectations of $129.58 million. The firm’s quarterly revenue was up 135.9% on a year-over-year basis.

TUSK has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, October 26th. Jefferies Group LLC started coverage on shares of Mammoth Energy Services in a report on Thursday, October 5th. They set a “hold” rating and a $18.00 price objective for the company. ValuEngine upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Credit Suisse Group increased their target price on Mammoth Energy Services from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Imperial Capital increased their target price on Mammoth Energy Services from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.90.

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Shares of Mammoth Energy Services (TUSK) opened at $18.90 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 1.39. Mammoth Energy Services has a fifty-two week low of $10.88 and a fifty-two week high of $24.54.

In related news, Director James D. Palm purchased 6,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $12.75 per share, for a total transaction of $76,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arty Straehla sold 25,842 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total value of $476,784.90. Following the completion of the sale, the chief executive officer now owns 231,711 shares of the company’s stock, valued at $4,275,067.95. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. American International Group Inc. bought a new stake in Mammoth Energy Services in the first quarter worth $103,000. GSA Capital Partners LLP bought a new stake in Mammoth Energy Services in the second quarter worth $191,000. Nationwide Fund Advisors lifted its position in Mammoth Energy Services 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 during the last quarter. Prudential Financial Inc. bought a new stake in Mammoth Energy Services in the second quarter worth $208,000. Finally, Swiss National Bank bought a new stake in Mammoth Energy Services in the second quarter worth $233,000. Institutional investors own 74.05% of the company’s stock.

Mammoth Energy Services 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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Earnings History and Estimates for Mammoth Energy Services (NASDAQ:TUSK)

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