Mammooth Energy (TUSK) Expected to Post Earnings of $0.30 Per Share
Brokerages expect Mammooth Energy (NASDAQ:TUSK) to announce $0.30 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Mammooth Energy’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.09. Mammooth Energy posted earnings per share of ($0.06) in the same quarter last year, which would suggest a positive year-over-year growth rate of 600%. The company is expected to announce its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Mammooth Energy will report full-year earnings of $0.14 per share for the current year, with EPS estimates ranging from ($0.11) to $0.29. For the next year, analysts expect that the company will post earnings of $1.53 per share, with EPS estimates ranging from $1.27 to $1.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mammooth Energy.
Mammooth Energy (NASDAQ:TUSK) last posted its quarterly 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 business had revenue of $149.30 million for the quarter, compared to analyst estimates of $129.58 million. Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.35%. Mammooth Energy’s revenue for the quarter was up 135.9% compared to the same quarter last year.
TUSK has been the topic of a number of recent research reports. Zacks Investment Research upgraded Mammooth Energy from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, October 26th. Jefferies Group LLC initiated coverage on Mammooth Energy in a research note on Thursday, October 5th. They issued a “hold” rating and a $18.00 target price on the stock. ValuEngine upgraded Mammooth Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group boosted their target price on Mammooth Energy from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Imperial Capital boosted their target price on Mammooth Energy from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Mammooth Energy has an average rating of “Buy” and a consensus price target of $23.90.
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Shares of Mammooth Energy (NASDAQ TUSK) traded down $0.17 during midday trading on Tuesday, reaching $18.76. The company’s stock had a trading volume of 44,266 shares, compared to its average volume of 97,305. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Mammooth Energy has a 1 year low of $10.88 and a 1 year high of $24.54.
In other news, CEO Arty Straehla sold 25,842 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total transaction of $476,784.90. Following the completion of the sale, the chief executive officer now owns 231,711 shares in the company, valued at approximately $4,275,067.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James D. Palm purchased 6,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $12.75 per share, with a total value of $76,500.00. The disclosure for this purchase can be found here. Corporate insiders own 0.03% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of Mammooth Energy by 34.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock worth $53,568,000 after acquiring an additional 813,284 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Mammooth Energy by 19.1% during the 3rd quarter. American Century Companies Inc. now owns 747,023 shares of the energy company’s stock worth $12,595,000 after acquiring an additional 119,942 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Mammooth Energy by 15.4% during the 2nd quarter. Vanguard Group Inc. now owns 418,865 shares of the energy company’s stock worth $7,791,000 after acquiring an additional 55,973 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Mammooth Energy by 32.3% during the 3rd quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock worth $2,873,000 after acquiring an additional 41,600 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Mammooth Energy by 49.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 165,702 shares of the energy company’s stock worth $2,794,000 after acquiring an additional 54,477 shares in the last quarter. Institutional investors own 74.05% of the company’s stock.
Mammooth Energy Company Profile
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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