Equities research analysts forecast that Mammoth Energy Services Inc (NASDAQ:TUSK) will post earnings of ($0.42) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Mammoth Energy Services’ earnings. The highest EPS estimate is ($0.35) and the lowest is ($0.48). Mammoth Energy Services posted earnings per share of $1.51 in the same quarter last year, which would indicate a negative year-over-year growth rate of 127.8%. The business is scheduled to issue its next earnings results on Thursday, March 12th.
On average, analysts expect that Mammoth Energy Services will report full-year earnings of ($0.46) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.35). For the next financial year, analysts anticipate that the firm will report earnings of ($0.86) per share, with EPS estimates ranging from ($1.10) to ($0.61). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Mammoth Energy Services.
Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.40). The business had revenue of $113.40 million during the quarter, compared to the consensus estimate of $153.52 million. Mammoth Energy Services had a net margin of 14.03% and a return on equity of 20.78%. The firm’s revenue for the quarter was down 70.5% compared to the same quarter last year. During the same period last year, the business posted $1.54 EPS.
Several brokerages have recently issued reports on TUSK. TheStreet raised shares of Mammoth Energy Services from a “d” rating to a “c-” rating in a research note on Monday, October 14th. Credit Suisse Group reduced their target price on shares of Mammoth Energy Services from $15.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Johnson Rice lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. ValuEngine raised shares of Mammoth Energy Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $10.00 target price (down previously from $18.00) on shares of Mammoth Energy Services in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Mammoth Energy Services currently has an average rating of “Hold” and an average price target of $6.58.
A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Mammoth Energy Services during the 3rd quarter worth approximately $34,000. First Trust Advisors LP boosted its stake in Mammoth Energy Services by 117.8% during the 3rd quarter. First Trust Advisors LP now owns 370,250 shares of the energy company’s stock worth $918,000 after acquiring an additional 200,223 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Mammoth Energy Services by 13.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,160,958 shares of the energy company’s stock worth $5,359,000 after acquiring an additional 255,588 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Mammoth Energy Services by 87.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 15,140 shares of the energy company’s stock worth $38,000 after acquiring an additional 7,045 shares during the last quarter. Finally, Boston Partners boosted its stake in Mammoth Energy Services by 106.6% during the 2nd quarter. Boston Partners now owns 959,707 shares of the energy company’s stock worth $6,603,000 after acquiring an additional 495,089 shares during the last quarter. 79.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ TUSK traded down $0.20 during mid-day trading on Friday, hitting $1.56. The company’s stock had a trading volume of 938,900 shares, compared to its average volume of 357,572. The stock has a market cap of $90.91 million, a price-to-earnings ratio of 0.28 and a beta of 1.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.82 and a quick ratio of 2.68. Mammoth Energy Services has a one year low of $1.40 and a one year high of $26.76. The company’s fifty day simple moving average is $2.13 and its 200-day simple moving average is $6.46.
Mammoth Energy Services Company Profile
Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.
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