Mammoth Energy Services Inc (TUSK) Expected to Post Earnings of $0.76 Per Share

Analysts expect Mammoth Energy Services Inc (NASDAQ:TUSK) to post $0.76 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Mammoth Energy Services’ earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $1.00. Mammoth Energy Services posted earnings of $1.54 per share during the same quarter last year, which suggests a negative year over year growth rate of 50.6%. The business is scheduled to report its next earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Mammoth Energy Services will report full year earnings of $4.06 per share for the current year, with EPS estimates ranging from $3.89 to $4.32. For the next financial year, analysts anticipate that the business will report earnings of $3.41 per share, with EPS estimates ranging from $1.96 to $4.39. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Mammoth Energy Services.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.48. The business had revenue of $384.00 million for the quarter, compared to analyst estimates of $473.89 million. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 44.86%. The business’s quarterly revenue was up 157.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) EPS.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, August 11th. BidaskClub upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Credit Suisse Group lifted their target price on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Finally, Raymond James lowered shares of Mammoth Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.00.

Institutional investors have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. purchased a new stake in Mammoth Energy Services during the 2nd quarter worth $122,000. SG Americas Securities LLC purchased a new stake in Mammoth Energy Services during the 2nd quarter worth $141,000. Meeder Asset Management Inc. increased its stake in Mammoth Energy Services by 285.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after buying an additional 3,101 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Mammoth Energy Services during the 2nd quarter worth $158,000. Finally, Barclays PLC increased its stake in Mammoth Energy Services by 343.7% during the 1st quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after buying an additional 4,385 shares during the period. 82.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:TUSK traded up $0.81 during midday trading on Wednesday, hitting $27.97. 496,000 shares of the company’s stock traded hands, compared to its average volume of 383,553. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.70 and a beta of 0.97. Mammoth Energy Services has a twelve month low of $16.88 and a twelve month high of $42.30.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio (DPR) is 35.21%.

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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