Brokerages expect that Mammoth Energy Services Inc (NASDAQ:TUSK) will post sales of $473.71 million for the current quarter, according to Zacks. Five analysts have made estimates for Mammoth Energy Services’ earnings, with estimates ranging from $422.72 million to $547.50 million. Mammoth Energy Services posted sales of $149.31 million during the same quarter last year, which suggests a positive year over year growth rate of 217.3%. The business is expected to issue its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Mammoth Energy Services will report full-year sales of $1.97 billion for the current year, with estimates ranging from $1.88 billion to $2.15 billion. For the next financial year, analysts forecast that the business will post sales of $1.87 billion per share, with estimates ranging from $1.69 billion to $2.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Mammoth Energy Services.

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

A number of equities analysts have recently issued reports on the company. BidaskClub raised Mammoth Energy Services from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Saturday, July 7th. Piper Jaffray Companies upped their price target on Mammoth Energy Services from $35.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, June 8th. Imperial Capital upped their price target on Mammoth Energy Services from $37.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 30th. Finally, Barclays upped their price target on Mammoth Energy Services from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $38.44.

In other news, Director Meh Sub Llc sold 2,764,400 shares of the company’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $38.01, for a total transaction of $105,074,844.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bowling Portfolio Management LLC acquired a new position in shares of Mammoth Energy Services in the 2nd quarter valued at $1,841,000. BlackRock Inc. increased its position in shares of Mammoth Energy Services by 11.1% in the 1st quarter. BlackRock Inc. now owns 498,090 shares of the energy company’s stock valued at $15,969,000 after acquiring an additional 49,696 shares during the period. Citadel Advisors LLC increased its position in shares of Mammoth Energy Services by 415.8% in the 2nd quarter. Citadel Advisors LLC now owns 159,887 shares of the energy company’s stock valued at $5,429,000 after acquiring an additional 128,891 shares during the period. Millennium Management LLC increased its position in shares of Mammoth Energy Services by 271.5% in the 1st quarter. Millennium Management LLC now owns 553,252 shares of the energy company’s stock valued at $17,737,000 after acquiring an additional 404,318 shares during the period. Finally, Trexquant Investment LP increased its position in shares of Mammoth Energy Services by 60.3% in the 2nd quarter. Trexquant Investment LP now owns 22,075 shares of the energy company’s stock valued at $750,000 after acquiring an additional 8,308 shares during the period. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:TUSK traded down $0.77 during trading hours on Wednesday, reaching $27.77. The company’s stock had a trading volume of 358,200 shares, compared to its average volume of 398,546. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 19.71 and a beta of 0.07. Mammoth Energy Services has a 12 month low of $13.57 and a 12 month high of $42.30.

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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