Q3 2018 Earnings Forecast for Mammoth Energy Services Inc (TUSK) Issued By Imperial Capital
Mammoth Energy Services Inc (NASDAQ:TUSK) – Equities researchers at Imperial Capital dropped their Q3 2018 earnings per share estimates for Mammoth Energy Services in a report released on Wednesday, August 8th. Imperial Capital analyst J. Wangler now forecasts that the energy company will post earnings per share of $1.07 for the quarter, down from their prior estimate of $1.15. Imperial Capital has a “Buy” rating and a $46.00 price target on the stock. Imperial Capital also issued estimates for Mammoth Energy Services’ Q4 2018 earnings at $0.99 EPS and FY2018 earnings at $4.63 EPS.
Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Monday, August 6th. The energy company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.17). Mammoth Energy Services had a return on equity of 36.39% and a net margin of 10.57%. The firm had revenue of $533.60 million for the quarter, compared to the consensus estimate of $531.25 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was up 442.8% compared to the same quarter last year.
Mammoth Energy Services stock opened at $37.95 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.26 and a quick ratio of 1.21. Mammoth Energy Services has a 52-week low of $10.88 and a 52-week high of $42.30. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 9.24 and a beta of 0.66.
Hedge funds have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. purchased a new stake in Mammoth Energy Services in the second quarter worth $122,000. SG Americas Securities LLC purchased a new stake in Mammoth Energy Services in the second quarter worth $141,000. Meeder Asset Management Inc. lifted its stake in Mammoth Energy Services by 285.5% in the second 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 during the period. Barclays PLC lifted its stake in Mammoth Energy Services by 343.7% in the first quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after acquiring an additional 4,385 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Mammoth Energy Services in the first quarter worth $210,000. 74.49% of the stock is owned by institutional investors.
In related news, Director Meh Sub Llc sold 266,026 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $38.01, for a total value of $10,111,648.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.
The firm also recently declared a special dividend, which will be paid on Tuesday, August 14th. Investors of record on Tuesday, August 7th will be paid a $0.125 dividend. The ex-dividend date is Monday, August 6th. Mammoth Energy Services’s payout ratio is 9.15%.
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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