Mammoth Energy Services (TUSK) Releases Earnings Results, Beats Estimates By $0.78 EPS

Mammoth Energy Services (NASDAQ:TUSK) posted its quarterly earnings data on Thursday. The energy company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.78, Briefing.com reports. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $350.11 million. During the same period in the prior year, the business posted $1.48 EPS. The company’s quarterly revenue was down 24.6% on a year-over-year basis.

Mammoth Energy Services stock opened at $20.46 on Friday. The stock has a market capitalization of $958.22 million, a price-to-earnings ratio of 14.41 and a beta of 1.95. Mammoth Energy Services has a twelve month low of $16.81 and a twelve month high of $42.30.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $0.50 annualized dividend and a yield of 2.44%. Mammoth Energy Services’s dividend payout ratio is currently 35.21%.

An institutional investor recently raised its position in Mammoth Energy Services stock. Geode Capital Management LLC raised its stake in Mammoth Energy Services Inc (NASDAQ:TUSK) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,510 shares of the energy company’s stock after acquiring an additional 13,907 shares during the quarter. Geode Capital Management LLC owned about 0.37% of Mammoth Energy Services worth $2,975,000 at the end of the most recent reporting period. 81.46% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. BidaskClub downgraded shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Imperial Capital reaffirmed an “outperform” rating and issued a $30.00 target price (down from $40.00) on shares of Mammoth Energy Services in a report on Wednesday, January 9th. Finally, Tudor Pickering raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Friday, January 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.22.

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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 for Mammoth Energy Services (NASDAQ:TUSK)

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