Analysts Anticipate Mammoth Energy Services Inc (TUSK) Will Announce Quarterly Sales of $365.69 Million

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.

In other Mammoth Energy Services news, Director Arthur L. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $24.85, for a total value of $149,100.00. Following the transaction, the director now directly owns 12,235 shares of the company’s stock, valued at $304,039.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by insiders.

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

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