Mammoth Energy Services Inc (NASDAQ:TUSK) – Stock analysts at Jefferies Financial Group issued their Q3 2018 earnings estimates for shares of Mammoth Energy Services in a research report issued to clients and investors on Wednesday, August 8th. Jefferies Financial Group analyst B. Handler anticipates that the energy company will earn $1.14 per share for the quarter. Jefferies Financial Group also issued estimates for Mammoth Energy Services’ Q4 2018 earnings at $1.05 EPS, FY2019 earnings at $3.80 EPS and FY2020 earnings at $3.35 EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Saturday, July 7th. Barclays upped their price objective on shares of Mammoth Energy Services from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, July 6th. Imperial Capital set a $46.00 price objective on shares of Mammoth Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 3rd. BidaskClub downgraded shares of Mammoth Energy Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Finally, ValuEngine downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $41.88.
Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Monday, August 6th. The energy company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.17). The firm had revenue of $533.60 million for the quarter, compared to the consensus estimate of $531.25 million. Mammoth Energy Services had a return on equity of 34.33% and a net margin of 10.57%. Mammoth Energy Services’s quarterly revenue was up 442.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share.
A number of institutional investors have recently modified their holdings of the business. Citadel Advisors LLC boosted its holdings in Mammoth Energy Services by 415.8% in the 2nd quarter. Citadel Advisors LLC now owns 159,887 shares of the energy company’s stock valued at $5,429,000 after purchasing an additional 128,891 shares during the period. Credit Agricole S A bought a new stake in Mammoth Energy Services in the 2nd quarter valued at $816,000. Globeflex Capital L P boosted its holdings in Mammoth Energy Services by 378.0% in the 2nd quarter. Globeflex Capital L P now owns 13,863 shares of the energy company’s stock valued at $471,000 after purchasing an additional 10,963 shares during the period. Proficio Capital Partners LLC bought a new stake in Mammoth Energy Services in the 2nd quarter valued at $215,000. Finally, PNC Financial Services Group Inc. bought a new stake in Mammoth Energy Services in the 2nd quarter valued at $158,000. 74.49% of the stock is owned by hedge funds and other institutional investors.
In other Mammoth Energy Services news, Director Meh Sub Llc sold 266,026 shares of the stock in a transaction on Monday, July 30th. The shares were sold at an average price of $38.01, for a total value of $10,111,648.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.
The business also recently declared a special dividend, which will be paid on Tuesday, August 14th. Shareholders of record on Tuesday, August 7th will be issued a $0.125 dividend. The ex-dividend date is Monday, August 6th. Mammoth Energy Services’s dividend payout ratio (DPR) is presently 35.21%.
About Mammoth Energy Services
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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