Mammooth Energy (NASDAQ:TUSK) – Investment analysts at Capital One Financial Corporation increased their FY2018 earnings per share (EPS) estimates for shares of Mammooth Energy in a note issued to investors on Monday. Capital One Financial Corporation analyst L. Lemoine now expects that the energy company will earn $0.76 per share for the year, up from their prior forecast of $0.74.
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 Zacks’ consensus estimate of ($0.08) by $0.05. The firm had revenue of $98.26 million for the quarter, compared to analyst estimates of $92.14 million. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The company’s quarterly revenue was up 42.1% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: This piece was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.truebluetribune.com/2017/10/13/capital-one-financial-corporation-research-analysts-lift-earnings-estimates-for-mammooth-energy-tusk.html.
Several other brokerages have also recently issued reports on TUSK. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 target price (down from $22.00) on shares of Mammooth Energy in a report on Wednesday, July 12th. Barclays PLC cut Mammooth Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $26.00 to $17.00 in a report on Wednesday, July 12th. Zacks Investment Research upgraded Mammooth Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday. Jefferies Group LLC began coverage on Mammooth Energy in a report on Thursday, October 5th. They issued a “hold” rating and a $18.00 target price for the company. Finally, Credit Suisse Group restated an “outperform” rating and issued a $18.00 target price (down from $25.00) on shares of Mammooth Energy in a report on Tuesday, August 8th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Mammooth Energy presently has a consensus rating of “Buy” and a consensus target price of $21.92.
In other Mammooth Energy news, Director James D. Palm purchased 6,000 shares of the stock in a transaction dated Friday, August 25th. The stock was acquired at an average cost of $12.75 per share, for a total transaction of $76,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TUSK. Janus Henderson Group PLC purchased a new position in shares of Mammooth Energy during the 2nd quarter worth $43,970,000. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 221,656 shares during the period. King Luther Capital Management Corp purchased a new position in shares of Mammooth Energy during the 1st quarter worth $2,916,000. Royce & Associates LP grew its holdings in shares of 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 purchasing an additional 121,000 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Mammooth Energy during the 1st quarter worth $1,896,000. Institutional investors and hedge funds 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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