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.
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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