Wall Street brokerages predict that Mammoth Energy Services Inc (NASDAQ:TUSK) will report $363.12 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Mammoth Energy Services’ earnings. The lowest sales estimate is $350.18 million and the highest is $376.05 million. Mammoth Energy Services posted sales of $64.79 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 460.5%. The business is scheduled to report its next earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Mammoth Energy Services will report full year sales of $363.12 million for the current fiscal year, with estimates ranging from $672.16 million to $698.04 million. For the next fiscal year, analysts anticipate that the business will report sales of $1.14 billion per share, with estimates ranging from $1.09 billion to $1.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Mammoth Energy Services.
Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). Mammoth Energy Services had a negative return on equity of 2.35% and a negative net margin of 16.41%. The firm had revenue of $149.30 million for the quarter, compared to the consensus estimate of $129.58 million. The firm’s revenue was up 135.9% on a year-over-year basis.
A number of brokerages have recently weighed in on TUSK. ValuEngine raised shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group upped their price target on shares of Mammoth Energy Services from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. BidaskClub downgraded shares of Mammoth Energy Services from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Zacks Investment Research downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Stephens assumed coverage on shares of Mammoth Energy Services in a report on Tuesday, January 9th. They set an “overweight” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.90.
In related news, CEO Arty Straehla sold 25,842 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total value of $476,784.90. Following the completion of the transaction, the chief executive officer now owns 231,711 shares of the company’s stock, valued at approximately $4,275,067.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders purchased 40,000 shares of company stock valued at $5,800. 0.03% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in Mammoth Energy Services in the 2nd quarter valued at approximately $191,000. Nationwide Fund Advisors increased its position in Mammoth Energy Services by 283.0% in the 2nd quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock valued at $191,000 after acquiring an additional 7,593 shares during the period. Prudential Financial Inc. acquired a new position in Mammoth Energy Services in the 2nd quarter valued at approximately $208,000. Swiss National Bank acquired a new position in Mammoth Energy Services in the 2nd quarter valued at approximately $233,000. Finally, Teachers Advisors LLC increased its position in Mammoth Energy Services by 13.6% in the 2nd quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock valued at $280,000 after acquiring an additional 1,808 shares during the period. 74.02% of the stock is owned by institutional investors and hedge funds.
Shares of Mammoth Energy Services (NASDAQ TUSK) traded down $0.26 during trading on Wednesday, hitting $21.56. 256,372 shares of the stock were exchanged, compared to its average volume of 150,220. Mammoth Energy Services has a 12 month low of $10.88 and a 12 month high of $25.00. The company has a quick ratio of 1.39, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.
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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