$289.74 Million in Sales Expected for Mammoth Energy Services Inc (TUSK) This Quarter

Brokerages expect that Mammoth Energy Services Inc (NASDAQ:TUSK) will report sales of $289.74 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Mammoth Energy Services’ earnings, with the highest sales estimate coming in at $324.10 million and the lowest estimate coming in at $272.50 million. Mammoth Energy Services reported sales of $494.25 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 41.4%. The firm is expected to announce its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Mammoth Energy Services will report full-year sales of $926.94 million for the current year, with estimates ranging from $826.57 million to $1.01 billion. For the next fiscal year, analysts expect that the company will report sales of $969.99 million, with estimates ranging from $759.47 million to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for 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 company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $350.11 million. Mammoth Energy Services had a net margin of 13.96% and a return on equity of 38.47%. Mammoth Energy Services’s quarterly revenue was down 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 EPS.

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

A number of hedge funds and other institutional investors have recently modified their holdings of TUSK. Great West Life Assurance Co. Can grew its stake in Mammoth Energy Services by 90.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,524 shares of the energy company’s stock valued at $26,000 after acquiring an additional 724 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Mammoth Energy Services in the 4th quarter valued at about $40,000. Legal & General Group Plc grew its stake in Mammoth Energy Services by 62.0% in the 3rd quarter. Legal & General Group Plc now owns 1,878 shares of the energy company’s stock valued at $55,000 after acquiring an additional 719 shares during the last quarter. Meeder Asset Management Inc. boosted 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 during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Mammoth Energy Services during the 4th quarter worth about $73,000. 81.40% of the stock is currently owned by hedge funds and other institutional investors.

Mammoth Energy Services stock traded down $0.58 during trading hours on Wednesday, reaching $16.65. 326,137 shares of the stock were exchanged, compared to its average volume of 315,577. The company has a market cap of $773.22 million, a P/E ratio of 2.96 and a beta of 1.95. Mammoth Energy Services has a 52-week low of $16.27 and a 52-week high of $42.30.

Mammoth Energy Services Company Profile

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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