Mammoth Energy Services (TUSK) to Release Earnings on Wednesday

Mammoth Energy Services (NASDAQ:TUSK) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.70 per share for the quarter.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Thursday, March 14th. The energy company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.78. The company had revenue of $278.20 million for the quarter, compared to analyst estimates of $350.11 million. Mammoth Energy Services had a net margin of 13.96% and a return on equity of 38.47%. The firm’s quarterly revenue was down 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. On average, analysts expect Mammoth Energy Services to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:TUSK traded up $0.17 on Monday, reaching $16.25. The stock had a trading volume of 481 shares, compared to its average volume of 225,455. The firm has a market cap of $721.62 million, a price-to-earnings ratio of 2.86 and a beta of 1.88. Mammoth Energy Services has a 12-month low of $15.50 and a 12-month high of $42.30.

TUSK has been the topic of a number of recent research reports. Imperial Capital reduced their target price on shares of Mammoth Energy Services from $30.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Capital One Financial reiterated an “overweight” rating on shares of Mammoth Energy Services in a report on Friday, March 15th. ValuEngine lowered shares of Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 6th. BidaskClub lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Tudor Pickering upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.00.

An institutional investor recently raised its position in Mammoth Energy Services stock. Geode Capital Management LLC increased its holdings in shares of Mammoth Energy Services Inc (NASDAQ:TUSK) by 9.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 165,510 shares of the energy company’s stock after purchasing an additional 13,907 shares during the quarter. Geode Capital Management LLC owned 0.37% of Mammoth Energy Services worth $2,975,000 as of its most recent filing with the SEC. 81.21% of the stock is owned by institutional investors.

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Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.

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Earnings History for Mammoth Energy Services (NASDAQ:TUSK)

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