MAMMOOTH ENERGY (NASDAQ:TUSK) – Stock analysts at Capital One Financial Corporation decreased their Q3 2017 earnings per share (EPS) estimates for MAMMOOTH ENERGY in a research note issued on Monday. Capital One Financial Corporation analyst L. Lemoine now expects that the energy company will earn $0.03 per share for the quarter, down from their prior forecast of $0.04.
TUSK has been the subject of a number of other research reports. R. F. Lafferty started coverage on shares of MAMMOOTH ENERGY in a report on Wednesday, June 14th. They issued a “buy” rating and a $37.00 price objective for the company. Credit Suisse Group restated an “outperform” rating and issued a $18.00 price objective (down previously from $25.00) on shares of MAMMOOTH ENERGY in a report on Tuesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research cut shares of MAMMOOTH ENERGY from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 price objective (down previously from $22.00) on shares of MAMMOOTH ENERGY in a report on Wednesday, July 12th. Finally, Barclays PLC cut shares of MAMMOOTH ENERGY from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $26.00 to $17.00 in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $22.27.
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Shares of MAMMOOTH ENERGY (TUSK) opened at 15.86 on Tuesday. MAMMOOTH ENERGY has a 12 month low of $11.91 and a 12 month high of $24.54. The stock has a 50 day moving average of $15.70 and a 200 day moving average of $15.70. The stock has a market cap of $705.80 million and a PE ratio of 170.54.
MAMMOOTH ENERGY (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, topping the 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 3.04%. The firm had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. The company’s revenue was up 42.1% compared to the same quarter last year.
In other news, Director James D. Palm purchased 6,000 shares of the stock in a transaction on Friday, August 25th. The stock was bought at an average price of $12.75 per share, for a total transaction of $76,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TUSK. Janus Henderson Group PLC acquired a new position in MAMMOOTH ENERGY during the 2nd quarter worth approximately $43,970,000. American Century Companies Inc. grew its holdings in MAMMOOTH ENERGY by 54.7% during the 2nd quarter. American Century Companies Inc. now owns 627,081 shares of the energy company’s stock worth $11,664,000 after acquiring an additional 221,656 shares in the last quarter. King Luther Capital Management Corp acquired a new position in MAMMOOTH ENERGY during the 1st quarter worth approximately $2,916,000. Royce & Associates LP grew its holdings in MAMMOOTH ENERGY by 1,551.3% during the 2nd quarter. Royce & Associates LP now owns 128,800 shares of the energy company’s stock worth $2,396,000 after acquiring an additional 121,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in MAMMOOTH ENERGY during the 1st quarter worth approximately $1,896,000. Institutional investors own 73.44% of the company’s stock.
MAMMOOTH ENERGY Company Profile
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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