Mammooth Energy (NASDAQ:TUSK) – Analysts at Capital One Financial Corporation dropped their Q3 2017 earnings per share (EPS) estimates for Mammooth Energy in a report issued on Friday. Capital One Financial Corporation analyst L. Lemoine now expects that the energy company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.11. Capital One Financial Corporation also issued estimates for Mammooth Energy’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $1.08 EPS.
Several other research analysts have also issued reports on TUSK. Credit Suisse Group restated an “outperform” rating and set a $18.00 price target (down previously from $25.00) on shares of Mammooth Energy in a report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Mammooth Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Instinet restated a “buy” rating and set a $32.00 price target on shares of Mammooth Energy in a report on Wednesday, April 19th. Barclays PLC lowered shares of Mammooth Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $26.00 to $17.00 in a report on Wednesday, July 12th. Finally, R. F. Lafferty began coverage on shares of Mammooth Energy in a report on Wednesday, June 14th. They set a “buy” rating and a $37.00 price target for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Mammooth Energy presently has an average rating of “Buy” and an average price target of $23.20.
Shares of Mammooth Energy (TUSK) opened at 12.22 on Monday. Mammooth Energy has a 52 week low of $11.91 and a 52 week high of $24.54. The company has a market cap of $543.79 million and a P/E ratio of 131.40. The firm has a 50-day moving average of $16.41 and a 200 day moving average of $18.52.
Mammooth Energy (NASDAQ:TUSK) last issued its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative net margin of 21.65% and a negative return on equity of 3.31%. The firm had revenue of $98.26 million during the quarter, compared to the consensus estimate of $92.14 million. The business’s revenue was up 42.1% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in Mammooth Energy by 54.7% in the second quarter. American Century Companies Inc. now owns 627,081 shares of the energy company’s stock valued at $11,664,000 after buying an additional 221,656 shares in the last quarter. Vanguard Group Inc. raised its stake in Mammooth Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 362,892 shares of the energy company’s stock valued at $7,806,000 after buying an additional 38,931 shares in the last quarter. Thomson Horstmann & Bryant Inc. acquired a new stake in Mammooth Energy during the first quarter valued at about $5,331,000. King Luther Capital Management Corp acquired a new stake in Mammooth Energy during the first quarter valued at about $2,916,000. Finally, Royce & Associates LP increased its stake in Mammooth Energy by 1,551.3% in the second quarter. Royce & Associates LP now owns 128,800 shares of the energy company’s stock valued at $2,396,000 after buying an additional 121,000 shares during the last quarter. Institutional investors own 63.17% of the company’s stock.
In related news, Director Arthur L. Smith acquired 6,000 shares of the stock in a transaction dated Friday, June 9th. The stock was bought at an average price of $16.91 per share, for a total transaction of $101,460.00. Following the purchase, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $112,738.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.
About Mammooth Energy
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
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