$0.73 Earnings Per Share Expected for Mammoth Energy Services Inc (TUSK) This Quarter

Analysts forecast that Mammoth Energy Services Inc (NASDAQ:TUSK) will post earnings of $0.73 per share for the current quarter, according to Zacks. Four analysts have made estimates for Mammoth Energy Services’ earnings, with estimates ranging from $0.55 to $0.98. Mammoth Energy Services posted earnings per share of $1.24 during the same quarter last year, which would indicate a negative year over year growth rate of 41.1%. The company is expected to report its next quarterly earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Mammoth Energy Services will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $3.16. For the next fiscal year, analysts expect that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.66 to $0.89. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Mammoth Energy Services.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Thursday, March 14th. The energy company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.78. The firm had revenue of $278.20 million during the quarter, compared to analyst estimates of $350.11 million. Mammoth Energy Services had a return on equity of 38.47% and a net margin of 13.96%. The company’s revenue was down 24.6% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share.

TUSK has been the subject of a number of research reports. Imperial Capital lowered their price objective on Mammoth Energy Services from $30.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. ValuEngine lowered Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 6th. Capital One Financial restated an “overweight” rating on shares of Mammoth Energy Services in a research report on Friday, March 15th. BidaskClub cut Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Tudor Pickering upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Mammoth Energy Services has an average rating of “Hold” and a consensus target price of $28.25.

Several institutional investors have recently made changes to their positions in TUSK. Great West Life Assurance Co. Can raised its stake in shares of Mammoth Energy Services by 90.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 1,524 shares of the energy company’s stock worth $26,000 after purchasing an additional 724 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Mammoth Energy Services during the 4th quarter worth approximately $40,000. Legal & General Group Plc raised its stake in shares of Mammoth Energy Services by 62.0% during the 3rd quarter. Legal & General Group Plc now owns 1,878 shares of the energy company’s stock worth $55,000 after purchasing an additional 719 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Mammoth Energy Services by 102.6% during the 4th quarter. Meeder Asset Management Inc. now owns 3,159 shares of the energy company’s stock worth $56,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Mammoth Energy Services during the 4th quarter worth approximately $73,000. Institutional investors own 81.40% of the company’s stock.

TUSK stock traded down $0.58 during midday trading on Monday, reaching $16.65. The stock had a trading volume of 326,137 shares, compared to its average volume of 315,577. The firm has a market cap of $773.22 million, a price-to-earnings ratio of 2.96 and a beta of 1.95. Mammoth Energy Services has a twelve month low of $16.27 and a twelve month high of $42.30.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

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

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