Brokerages predict that Mammoth Energy Services (NASDAQ:TUSK) will announce $430.73 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Mammoth Energy Services’ earnings. The highest sales estimate is $443.18 million and the lowest is $406.00 million. Mammoth Energy Services reported sales of $74.42 million during the same quarter last year, which indicates a positive year-over-year growth rate of 478.8%. The firm is scheduled to report its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Mammoth Energy Services will report full year sales of $1.42 billion for the current fiscal year, with estimates ranging from $1.17 billion to $1.82 billion. For the next year, analysts anticipate that the business will post sales of $1.15 billion per share, with estimates ranging from $951.00 million to $1.48 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Mammoth Energy Services.

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Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $1.02. Mammoth Energy Services had a return on equity of 14.30% and a net margin of 8.54%. The business had revenue of $368.96 million for the quarter, compared to the consensus estimate of $368.41 million.

A number of research analysts have recently issued reports on the company. Jefferies Group reiterated a “hold” rating and issued a $30.00 price target on shares of Mammoth Energy Services in a report on Wednesday, April 4th. Stephens lifted their price target on Mammoth Energy Services from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, April 6th. Tudor Pickering downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Piper Jaffray reiterated a “buy” rating on shares of Mammoth Energy Services in a report on Tuesday, March 6th. Finally, Johnson Rice raised Mammoth Energy Services from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Mammoth Energy Services presently has a consensus rating of “Buy” and an average price target of $31.50.

In other news, CFO Mark E. Layton sold 4,373 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $26.13, for a total value of $114,266.49. Following the completion of the sale, the chief financial officer now owns 52,702 shares of the company’s stock, valued at approximately $1,377,103.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Mammoth Energy Services by 470.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,857 shares of the energy company’s stock worth $154,000 after purchasing an additional 6,480 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Mammoth Energy Services in the 4th quarter worth $206,000. Energy Opportunities Capital Management LLC acquired a new stake in shares of Mammoth Energy Services in the 3rd quarter worth $293,000. Deutsche Bank AG boosted its position in shares of Mammoth Energy Services by 150.4% in the 4th quarter. Deutsche Bank AG now owns 18,736 shares of the energy company’s stock worth $366,000 after purchasing an additional 11,253 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Mammoth Energy Services by 17.0% during the 3rd quarter. Sei Investments Co. now owns 36,875 shares of the energy company’s stock worth $622,000 after acquiring an additional 5,355 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TUSK traded down $0.36 on Monday, reaching $33.37. The company had a trading volume of 177,732 shares, compared to its average volume of 245,373. Mammoth Energy Services has a 52-week low of $10.88 and a 52-week high of $35.45. The company has a market capitalization of $1,504.00, a PE ratio of 23.50 and a beta of 0.23. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 0.20.

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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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Earnings History and Estimates for Mammoth Energy Services (NASDAQ:TUSK)

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