Analysts expect Mammoth Energy Services Inc (NASDAQ:TUSK) to report sales of $258.77 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Mammoth Energy Services’ earnings. The lowest sales estimate is $222.18 million and the highest is $278.60 million. Mammoth Energy Services reported sales of $64.79 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 299.4%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Mammoth Energy Services will report full-year sales of $258.77 million for the current year, with estimates ranging from $544.16 million to $601.10 million. For the next year, analysts forecast that the business will post sales of $954.49 million per share, with estimates ranging from $865.30 million to $1.04 billion. Zacks’ 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 earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $149.30 million for the quarter, compared to analysts’ expectations of $129.58 million. Mammoth Energy Services had a negative return on equity of 2.35% and a negative net margin of 16.41%. Mammoth Energy Services’s revenue was up 135.9% on a year-over-year basis.
TUSK has been the topic of several recent research reports. Credit Suisse Group upped their price objective on shares of Mammoth Energy Services from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. ValuEngine raised shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, October 26th. BidaskClub raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Stephens initiated coverage on shares of Mammoth Energy Services in a report on Tuesday, January 9th. They issued an “overweight” rating and a $27.00 price objective on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.80.
Shares of Mammoth Energy Services (TUSK) opened at $23.46 on Friday. The company has a market cap of $1,039.13, a price-to-earnings ratio of -13.41 and a beta of 5.25. The company has a quick ratio of 1.39, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. Mammoth Energy Services has a twelve month low of $10.88 and a twelve month high of $24.54.
In related news, CEO Arty Straehla sold 25,842 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total transaction of $476,784.90. Following the sale, the chief executive officer now directly owns 231,711 shares of the company’s stock, valued at $4,275,067.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in Mammoth Energy Services by 34.4% during the third quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock worth $53,568,000 after buying an additional 813,284 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Mammoth Energy Services by 15.4% during the second quarter. Vanguard Group Inc. now owns 418,865 shares of the energy company’s stock worth $7,791,000 after buying an additional 55,973 shares in the last quarter. Energy Opportunities Capital Management LLC purchased a new stake in Mammoth Energy Services during the third quarter worth $293,000. Royce & Associates LP boosted its holdings in Mammoth Energy Services by 32.3% during the third quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock worth $2,873,000 after buying an additional 41,600 shares in the last quarter. Finally, Boston Partners raised its position in Mammoth Energy Services by 203.0% during the third quarter. Boston Partners now owns 148,269 shares of the energy company’s stock worth $2,500,000 after acquiring an additional 99,340 shares during the period. 73.60% of the stock is currently owned by hedge funds and other institutional investors.
About Mammoth Energy Services
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
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