Jefferies Group Comments on Mammoth Energy Services Inc’s FY2017 Earnings (TUSK)

Mammoth Energy Services Inc (NASDAQ:TUSK) – Jefferies Group issued their FY2017 earnings per share (EPS) estimates for Mammoth Energy Services in a report issued on Monday. Jefferies Group analyst B. Handler expects that the energy company will post earnings of $0.67 per share for the year. Jefferies Group also issued estimates for Mammoth Energy Services’ Q4 2017 earnings at $0.72 EPS, Q1 2018 earnings at $1.04 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $2.50 EPS.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $149.30 million for the quarter, compared to analyst estimates of $129.58 million. Mammoth Energy Services had a negative net margin of 16.41% and a negative return on equity of 2.35%. The company’s revenue was up 135.9% on a year-over-year basis.

A number of other analysts have also issued reports on TUSK. BidaskClub lowered Mammoth Energy Services from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Credit Suisse Group increased their target price on Mammoth Energy Services from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, October 12th. 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 report on Friday, October 20th. Finally, ValuEngine raised shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.90.

Shares of Mammoth Energy Services (NASDAQ:TUSK) opened at $22.72 on Wednesday. The stock has a market capitalization of $1,010.00 and a price-to-earnings ratio of -13.52. Mammoth Energy Services has a 1-year low of $10.88 and a 1-year high of $25.00. The company has a quick ratio of 1.39, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Energy Opportunities Capital Management LLC acquired a new position in Mammoth Energy Services during the third quarter worth $293,000. Janus Henderson Group PLC increased its position in Mammoth Energy Services by 34.4% during the third quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock worth $53,568,000 after buying an additional 813,284 shares during the last quarter. Boston Partners increased its position in Mammoth Energy Services by 203.0% during the third quarter. Boston Partners now owns 148,269 shares of the energy company’s stock worth $2,500,000 after buying an additional 99,340 shares during the last quarter. Vanguard Group Inc. increased its position in Mammoth Energy Services by 15.4% during the second quarter. Vanguard Group Inc. now owns 418,865 shares of the energy company’s stock worth $7,791,000 after buying an additional 55,973 shares during the last quarter. Finally, Royce & Associates LP increased its position in Mammoth Energy Services by 32.3% during the third quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock worth $2,873,000 after buying an additional 41,600 shares during the last quarter. 74.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Arty Straehla sold 25,842 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total value of $476,784.90. Following the transaction, the chief executive officer now directly owns 231,711 shares of the company’s stock, valued at $4,275,067.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 40,000 shares of company stock worth $5,800 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

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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.

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

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