Wall Street analysts expect that Mammoth Energy Services Inc (NASDAQ:TUSK) will announce $365.69 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Mammoth Energy Services’ earnings, with the lowest sales estimate coming in at $336.90 million and the highest estimate coming in at $422.10 million. Mammoth Energy Services posted sales of $368.96 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The firm is expected to report its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Mammoth Energy Services will report full year sales of $1.79 billion for the current fiscal year, with estimates ranging from $1.75 billion to $1.89 billion. For the next fiscal year, analysts expect that the company will post sales of $1.57 billion, with estimates ranging from $1.36 billion to $1.96 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Mammoth Energy Services.
TUSK has been the topic of several analyst reports. Barclays set a $44.00 target price on Mammoth Energy Services and gave the company a “buy” rating in a report on Saturday, November 3rd. BidaskClub upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Friday, January 11th. Zacks Investment Research cut Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Piper Jaffray Companies set a $37.00 price target on Mammoth Energy Services and gave the company a “buy” rating in a research note on Tuesday, November 6th. Finally, Imperial Capital reissued an “outperform” rating and issued a $30.00 price target (down from $40.00) on shares of Mammoth Energy Services in a research note on Wednesday, January 9th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.22.
Several large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its position in shares of Mammoth Energy Services by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,547 shares of the energy company’s stock worth $82,000 after purchasing an additional 3,551 shares during the period. Stone Ridge Asset Management LLC raised its position in shares of Mammoth Energy Services by 150.5% during the fourth quarter. Stone Ridge Asset Management LLC now owns 35,715 shares of the energy company’s stock worth $642,000 after purchasing an additional 21,460 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of Mammoth Energy Services by 3.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 151,383 shares of the energy company’s stock worth $2,722,000 after purchasing an additional 5,601 shares during the period. Barclays PLC raised its position in shares of Mammoth Energy Services by 54.9% during the fourth quarter. Barclays PLC now owns 47,107 shares of the energy company’s stock worth $846,000 after purchasing an additional 16,688 shares during the period. Finally, BOKF NA acquired a new position in shares of Mammoth Energy Services during the fourth quarter worth approximately $222,000. 78.41% of the stock is currently owned by institutional investors.
TUSK stock traded up $0.18 during trading on Friday, hitting $23.10. The company had a trading volume of 119,595 shares, compared to its average volume of 189,569. Mammoth Energy Services has a one year low of $16.81 and a one year high of $42.30. The stock has a market capitalization of $1.03 billion, a PE ratio of 16.27 and a beta of 1.97.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.16%. The ex-dividend date was Wednesday, February 6th. Mammoth Energy Services’s dividend payout ratio (DPR) is presently 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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