Wall Street brokerages forecast that Mammoth Energy Services Inc (NASDAQ:TUSK) will announce earnings of $0.76 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Mammoth Energy Services’ earnings. The lowest EPS estimate is $0.60 and the highest is $1.00. Mammoth Energy Services posted earnings per share of $1.54 during the same quarter last year, which would suggest a negative year-over-year growth rate of 50.6%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Mammoth Energy Services will report full-year earnings of $4.06 per share for the current fiscal year, with EPS estimates ranging from $3.89 to $4.32. For the next year, analysts forecast that the company will report earnings of $3.41 per share, with EPS estimates ranging from $1.96 to $4.39. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Mammoth Energy Services.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.48. The business had revenue of $384.00 million for the quarter, compared to the consensus estimate of $473.89 million. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The company’s quarterly revenue was up 157.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) earnings per share.

Several equities analysts recently commented on the stock. Raymond James lowered shares of Mammoth Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 price target for the company. in a research report on Friday, August 24th. Credit Suisse Group upped their price target on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. BidaskClub lowered shares of Mammoth Energy Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, ValuEngine lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Mammoth Energy Services has a consensus rating of “Hold” and a consensus price target of $37.00.

A number of hedge funds have recently modified their holdings of the stock. American International Group Inc. increased its position in shares of Mammoth Energy Services by 50.2% in the third quarter. American International Group Inc. now owns 8,296 shares of the energy company’s stock worth $241,000 after acquiring an additional 2,773 shares in the last quarter. BlackRock Inc. increased its position in shares of Mammoth Energy Services by 13.4% in the third quarter. BlackRock Inc. now owns 778,113 shares of the energy company’s stock worth $22,642,000 after acquiring an additional 92,155 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Mammoth Energy Services by 608.2% in the third quarter. Alliancebernstein L.P. now owns 123,930 shares of the energy company’s stock worth $3,606,000 after acquiring an additional 106,430 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Mammoth Energy Services by 110.1% in the third quarter. Prudential Financial Inc. now owns 488,025 shares of the energy company’s stock worth $14,201,000 after acquiring an additional 255,771 shares in the last quarter. Finally, Stone Ridge Asset Management LLC increased its position in shares of Mammoth Energy Services by 35.9% in the third quarter. Stone Ridge Asset Management LLC now owns 14,255 shares of the energy company’s stock worth $415,000 after acquiring an additional 3,762 shares in the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.

Shares of TUSK opened at $26.19 on Wednesday. The company has a market cap of $1.22 billion, a P/E ratio of 18.44 and a beta of 0.97. Mammoth Energy Services has a 1 year low of $16.88 and a 1 year high of $42.30.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio (DPR) is 35.21%.

Mammoth Energy Services Company Profile

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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