Piper Jaffray Companies set a $37.00 price target on Mammoth Energy Services (NASDAQ:TUSK) in a report issued on Tuesday. The firm currently has a buy rating on the energy company’s stock. Piper Jaffray Companies also issued estimates for Mammoth Energy Services’ Q4 2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $0.83 EPS, FY2019 earnings at $3.59 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.64 EPS and FY2020 earnings at $2.47 EPS.
Several other brokerages have also weighed in on TUSK. BidaskClub upgraded Mammoth Energy Services from a buy rating to a strong-buy rating in a report on Friday, August 3rd. Barclays set a $44.00 price objective on Mammoth Energy Services and gave the company a buy rating in a report on Saturday, November 3rd. Raymond James lowered Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 price objective for the company. in a report on Friday, August 24th. ValuEngine lowered Mammoth Energy Services from a hold rating to a sell rating in a report on Thursday, November 1st. Finally, Credit Suisse Group upped their price objective on Mammoth Energy Services from $36.00 to $38.00 and gave the company an outperform rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $37.00.
Shares of Mammoth Energy Services stock traded down $0.49 during trading on Tuesday, hitting $26.19. The stock had a trading volume of 220,375 shares, compared to its average volume of 278,052. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 4.94 and a beta of 0.97. Mammoth Energy Services has a fifty-two week low of $16.88 and a fifty-two week high of $42.30.
Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.48. The business had revenue of $384.00 million during the quarter, compared to analyst estimates of $473.89 million. Mammoth Energy Services had a return on equity of 42.51% and a net margin of 13.12%. The company’s revenue was up 157.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. As a group, equities research analysts expect that Mammoth Energy Services will post 4.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio (DPR) is presently 35.21%.
Several institutional investors have recently made changes to their positions in TUSK. Russell Investments Group Ltd. raised its position in shares of Mammoth Energy Services by 441.3% during the third quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock worth $21,645,000 after purchasing an additional 606,457 shares during the period. Laurion Capital Management LP acquired a new stake in shares of Mammoth Energy Services during the second quarter worth $13,891,000. Prudential Financial Inc. raised its position in shares of Mammoth Energy Services by 110.1% during the third quarter. Prudential Financial Inc. now owns 488,025 shares of the energy company’s stock worth $14,201,000 after purchasing an additional 255,771 shares during the period. Luminus Management LLC acquired a new stake in shares of Mammoth Energy Services during the second quarter worth $7,578,000. Finally, BlackRock Inc. raised its position in shares of Mammoth Energy Services by 37.7% during the second quarter. BlackRock Inc. now owns 685,958 shares of the energy company’s stock worth $23,295,000 after purchasing an additional 187,868 shares during the period. 82.50% of the stock is currently owned by institutional investors.
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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