Mammoth Energy Services Inc (NASDAQ:TUSK) – Stock analysts at Imperial Capital raised their Q1 2019 EPS estimates for Mammoth Energy Services in a research note issued on Monday, March 18th. Imperial Capital analyst J. Wangler now forecasts that the energy company will earn $0.55 per share for the quarter, up from their prior forecast of $0.53. Imperial Capital has a “Outperform” rating and a $24.00 price objective on the stock.
TUSK has been the subject of several other reports. ValuEngine downgraded shares of Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 6th. BidaskClub upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Friday, January 11th. Capital One Financial reiterated an “overweight” rating on shares of Mammoth Energy Services in a report on Friday, March 15th. Credit Suisse Group downgraded shares of Mammoth Energy Services from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $33.00 to $17.00 in a report on Tuesday. Finally, Tudor Pickering downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.78.
Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Thursday, March 14th. The energy company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.78. The company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $350.11 million. Mammoth Energy Services had a net margin of 13.96% and a return on equity of 40.42%. The company’s revenue for the quarter was down 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bowling Portfolio Management LLC increased its holdings in Mammoth Energy Services by 9.7% in the fourth quarter. Bowling Portfolio Management LLC now owns 54,790 shares of the energy company’s stock valued at $985,000 after purchasing an additional 4,853 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Mammoth Energy Services in the third quarter valued at $286,000. Man Group plc acquired a new stake in Mammoth Energy Services in the third quarter valued at $4,331,000. Prudential Financial Inc. increased its holdings in Mammoth Energy Services by 110.1% in the third quarter. Prudential Financial Inc. now owns 488,025 shares of the energy company’s stock valued at $14,201,000 after purchasing an additional 255,771 shares during the period. Finally, Vanguard Group Inc increased its holdings in Mammoth Energy Services by 38.6% in the third quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock valued at $24,292,000 after purchasing an additional 232,542 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.
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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