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, 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.

WARNING: “Mammoth Energy Services (TUSK) Releases Earnings Results, Beats Estimates By $0.78 EPS” was published by WKRB News and is the property of of WKRB News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at

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.

Recommended Story: Understanding each part of a balance sheet

Earnings History for Mammoth Energy Services (NASDAQ:TUSK)

Receive News & Ratings for Mammoth Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mammoth Energy Services and related companies with's FREE daily email newsletter.