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.

Other research analysts have also recently issued reports about the stock. Credit Suisse Group upped their price objective on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday. BidaskClub raised Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 3rd. ValuEngine lowered Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Saturday, July 7th. Finally, Barclays upped their target price on Mammoth Energy Services from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, July 6th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Mammoth Energy Services has a consensus rating of “Buy” and a consensus price target of $41.88.

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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Earnings History and Estimates for Mammoth Energy Services (NASDAQ:TUSK)

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