Analysts forecast that Mammoth Energy Services Inc (NASDAQ:TUSK) will announce $472.11 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Mammoth Energy Services’ earnings, with estimates ranging from $422.72 million to $547.50 million. Mammoth Energy Services reported sales of $149.31 million in the same quarter last year, which indicates a positive year-over-year growth rate of 216.2%. The company is expected to announce its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Mammoth Energy Services will report full-year sales of $1.97 billion for the current fiscal year, with estimates ranging from $1.86 billion to $2.15 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.86 billion, with estimates ranging from $1.66 billion to $2.21 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Mammoth Energy Services.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Monday, August 6th. The energy company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.17). The firm had revenue of $533.60 million during the quarter, compared to analyst estimates of $531.25 million. Mammoth Energy Services had a net margin of 10.57% and a return on equity of 34.33%. The business’s revenue was up 442.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share.

A number of brokerages recently weighed in on TUSK. Credit Suisse Group increased their price target on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. BidaskClub upgraded shares of Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 3rd. Piper Jaffray Companies increased their price target on shares of Mammoth Energy Services from $35.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, June 8th. Finally, ValuEngine downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $38.44.

Shares of NASDAQ:TUSK traded up $0.16 during mid-day trading on Friday, reaching $29.40. The stock had a trading volume of 296,444 shares, compared to its average volume of 395,308. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 20.70 and a beta of 0.05. Mammoth Energy Services has a twelve month low of $14.21 and a twelve month high of $42.30.

In related news, Director Meh Sub Llc sold 266,026 shares of the stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $38.01, for a total transaction of $10,111,648.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. bought a new position in shares of Mammoth Energy Services during the 2nd quarter worth approximately $122,000. SG Americas Securities LLC bought a new position in shares of Mammoth Energy Services during the 2nd quarter worth approximately $141,000. Meeder Asset Management Inc. grew its stake in shares of Mammoth Energy Services by 285.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after acquiring an additional 3,101 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Mammoth Energy Services during the 2nd quarter worth approximately $158,000. Finally, Barclays PLC grew its stake in shares of Mammoth Energy Services by 343.7% during the 1st quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after acquiring an additional 4,385 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

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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