Q3 2019 EPS Estimates for Mammoth Energy Services Inc (TUSK) Lifted by Analyst
Mammoth Energy Services Inc (NASDAQ:TUSK) – Research analysts at Piper Jaffray Companies increased their Q3 2019 earnings per share estimates for shares of Mammoth Energy Services in a note issued to investors on Monday, November 5th. Piper Jaffray Companies analyst J. Daniel now expects that the energy company will earn $0.99 per share for the quarter, up from their previous estimate of $0.96. Piper Jaffray Companies currently has a “Buy” rating and a $37.00 price objective on the stock.
Several other equities analysts have also recently weighed in on the stock. Raymond James cut shares of Mammoth Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a research report on Friday, August 24th. Credit Suisse Group lifted their price objective 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 cut 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 cut shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, ValuEngine cut shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Mammoth Energy Services presently has an average rating of “Hold” and a consensus price target of $37.00.
Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.48. The firm had revenue of $384.00 million for the quarter, compared to analyst estimates of $473.89 million. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The firm’s quarterly revenue was up 157.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio is currently 35.21%.
Institutional investors have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. purchased a new position in shares of Mammoth Energy Services during the 2nd quarter valued at $122,000. SG Americas Securities LLC purchased a new position in shares of Mammoth Energy Services during the 2nd quarter valued at $141,000. Meeder Asset Management Inc. grew its holdings in shares of Mammoth Energy Services by 285.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock valued at $142,000 after acquiring an additional 3,101 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Mammoth Energy Services during the 2nd quarter valued at $158,000. Finally, Jane Street Group LLC purchased a new position in shares of Mammoth Energy Services during the 1st quarter valued at $210,000. Institutional investors and hedge funds own 82.50% of the company’s stock.
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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