Equities analysts expect that Mammoth Energy Services Inc (NASDAQ:TUSK) will announce sales of $160.19 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mammoth Energy Services’ earnings. The lowest sales estimate is $143.10 million and the highest is $172.53 million. Mammoth Energy Services posted sales of $384.04 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 58.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 30th.
According to Zacks, analysts expect that Mammoth Energy Services will report full year sales of $765.27 million for the current fiscal year, with estimates ranging from $715.20 million to $807.50 million. For the next fiscal year, analysts anticipate that the company will report sales of $770.23 million, with estimates ranging from $698.20 million to $926.28 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mammoth Energy Services.
Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Thursday, August 1st. The energy company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.17). Mammoth Energy Services had a net margin of 14.03% and a return on equity of 20.78%. The company had revenue of $181.80 million during the quarter, compared to analyst estimates of $195.78 million. During the same quarter last year, the business earned $1.34 EPS. The company’s revenue for the quarter was down 65.9% compared to the same quarter last year.
TUSK has been the subject of a number of research reports. TheStreet upgraded Mammoth Energy Services from a “d” rating to a “c-” rating in a research report on Monday, October 14th. Zacks Investment Research upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Credit Suisse Group decreased their price objective on Mammoth Energy Services from $15.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Johnson Rice lowered Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Imperial Capital restated an “outperform” rating and set a $10.00 price objective (down from $18.00) on shares of Mammoth Energy Services in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Mammoth Energy Services has an average rating of “Hold” and a consensus target price of $6.58.
Shares of NASDAQ TUSK opened at $1.93 on Friday. Mammoth Energy Services has a one year low of $1.93 and a one year high of $28.27. The firm has a market capitalization of $94.96 million, a PE ratio of 0.34 and a beta of 1.69. The company has a current ratio of 2.82, a quick ratio of 2.68 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $2.84 and a two-hundred day moving average price of $8.12.
Several institutional investors have recently made changes to their positions in TUSK. Marshall Wace LLP lifted its holdings in shares of Mammoth Energy Services by 1,032.2% during the 1st quarter. Marshall Wace LLP now owns 182,530 shares of the energy company’s stock valued at $3,039,000 after buying an additional 166,409 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Mammoth Energy Services by 129.5% during the 1st quarter. Marshall Wace North America L.P. now owns 6,346 shares of the energy company’s stock valued at $106,000 after buying an additional 3,581 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Mammoth Energy Services during the 1st quarter valued at about $1,657,000. WINTON GROUP Ltd acquired a new stake in shares of Mammoth Energy Services during the 2nd quarter valued at about $311,000. Finally, New Jersey Better Educational Savings Trust lifted its holdings in shares of Mammoth Energy Services by 60.0% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the energy company’s stock valued at $165,000 after buying an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.
Mammoth Energy Services Company Profile
Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.
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