Mammoth Energy Services Inc (NASDAQ:TUSK) – Imperial Capital cut their Q3 2018 earnings per share (EPS) estimates for Mammoth Energy Services in a research note issued to investors on Friday, October 19th. Imperial Capital analyst J. Wangler now forecasts that the energy company will post earnings of $0.93 per share for the quarter, down from their previous estimate of $1.07. Imperial Capital has a “Buy” rating and a $46.00 price objective on the stock. Imperial Capital also issued estimates for Mammoth Energy Services’ FY2019 earnings at $3.15 EPS.
Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Monday, August 6th. The energy company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.17). Mammoth Energy Services had a return on equity of 34.33% and a net margin of 10.57%. The firm had revenue of $533.60 million during the quarter, compared to analysts’ expectations of $531.25 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Mammoth Energy Services’s quarterly revenue was up 442.8% on a year-over-year basis.
A number of other brokerages also recently issued reports on TUSK. Credit Suisse Group upped their price objective on Mammoth Energy Services from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. BidaskClub upgraded Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 3rd. ValuEngine downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Barclays upped their price objective on Mammoth Energy Services from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, July 6th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Mammoth Energy Services currently has an average rating of “Buy” and a consensus price target of $38.44.
Shares of TUSK stock opened at $27.11 on Monday. Mammoth Energy Services has a 1 year low of $15.05 and a 1 year high of $42.30. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 6.61 and a beta of 0.05.
In other news, Director Meh Sub Llc sold 266,026 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $38.01, for a total transaction of $10,111,648.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. bought a new position in Mammoth Energy Services in the second quarter worth approximately $122,000. SG Americas Securities LLC bought a new position in Mammoth Energy Services in the second quarter worth approximately $141,000. Meeder Asset Management Inc. grew its stake in Mammoth Energy Services by 285.5% in the second quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after purchasing an additional 3,101 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in Mammoth Energy Services in the second quarter worth approximately $158,000. Finally, Barclays PLC grew its stake in Mammoth Energy Services by 343.7% in the first quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after purchasing an additional 4,385 shares in the last quarter. 81.27% of the stock is currently owned by hedge funds and other institutional investors.
About Mammoth Energy Services
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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