Mammoth Energy Services Inc (NASDAQ:TUSK) – Equities research analysts at Piper Jaffray Companies lowered their Q4 2018 earnings per share (EPS) estimates for shares of Mammoth Energy Services in a research note issued to investors on Monday, November 5th. Piper Jaffray Companies analyst J. Daniel now anticipates that the energy company will post earnings of $0.90 per share for the quarter, down from their prior estimate of $0.98. Piper Jaffray Companies has a “Buy” rating and a $37.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Mammoth Energy Services’ Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $0.94 EPS, Q4 2019 earnings at $0.83 EPS, FY2019 earnings at $3.59 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.64 EPS and FY2020 earnings at $2.47 EPS.
Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.48. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 44.86%. The business had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $473.89 million. During the same period last year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was up 157.2% on a year-over-year basis.
Shares of TUSK opened at $27.16 on Wednesday. Mammoth Energy Services has a 1-year low of $16.88 and a 1-year high of $42.30. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 19.13 and a beta of 0.97.
Several hedge funds have recently made changes to their positions in TUSK. Russell Investments Group Ltd. grew its holdings in shares of Mammoth Energy Services by 441.3% in the third quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock valued at $21,645,000 after purchasing an additional 606,457 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of Mammoth Energy Services in the second quarter valued at approximately $13,891,000. Luminus Management LLC acquired a new position in shares of Mammoth Energy Services in the second quarter valued at approximately $7,578,000. BlackRock Inc. grew its holdings in shares of Mammoth Energy Services by 37.7% in the second quarter. BlackRock Inc. now owns 685,958 shares of the energy company’s stock valued at $23,295,000 after purchasing an additional 187,868 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its holdings in shares of Mammoth Energy Services by 41.5% in the second quarter. Penn Capital Management Co. Inc. now owns 506,562 shares of the energy company’s stock valued at $17,225,000 after purchasing an additional 148,481 shares in the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio (DPR) is currently 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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