FY2019 EPS Estimates for Mammoth Energy Services Inc Decreased by Imperial Capital (NASDAQ:TUSK)

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Mammoth Energy Services Inc (NASDAQ:TUSK) – Equities researchers at Imperial Capital lowered their FY2019 EPS estimates for Mammoth Energy Services in a research note issued to investors on Monday, November 11th. Imperial Capital analyst J. Wangler now forecasts that the energy company will earn ($0.97) per share for the year, down from their prior estimate of ($0.35). Imperial Capital currently has a “Outperform” rating and a $1.50 target price on the stock. Imperial Capital also issued estimates for Mammoth Energy Services’ Q4 2019 earnings at ($0.75) EPS, Q1 2020 earnings at ($0.65) EPS, Q2 2020 earnings at ($0.49) EPS, Q3 2020 earnings at ($0.41) EPS, Q4 2020 earnings at ($0.52) EPS and FY2020 earnings at ($2.08) EPS.

Several other research firms have also recently issued reports on TUSK. Capital One Financial cut shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and set a $5.00 target price on the stock. in a research note on Friday, August 2nd. Johnson Rice lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. TheStreet lowered shares of Mammoth Energy Services from a “c-” rating to a “d” rating in a research report on Friday, November 8th. Barclays lowered shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $6.50 to $3.50 in a research report on Monday, September 30th. Finally, ValuEngine raised shares of Mammoth Energy Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.17.

TUSK opened at $1.34 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.68 and a current ratio of 2.82. The stock has a market capitalization of $64.81 million, a P/E ratio of 0.24 and a beta of 1.61. The company’s 50-day simple moving average is $1.99 and its two-hundred day simple moving average is $6.07. Mammoth Energy Services has a 52-week low of $1.33 and a 52-week high of $25.97.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.40). The company had revenue of $113.40 million for the quarter, compared to the consensus estimate of $153.52 million. Mammoth Energy Services had a net margin of 5.98% and a return on equity of 7.56%. Mammoth Energy Services’s revenue was down 70.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TUSK. Tower Research Capital LLC TRC purchased a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at about $34,000. Meeder Asset Management Inc. increased its holdings in Mammoth Energy Services by 87.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 15,140 shares of the energy company’s stock worth $38,000 after acquiring an additional 7,045 shares in the last quarter. Jefferies Group LLC purchased a new stake in Mammoth Energy Services in the 2nd quarter worth approximately $143,000. New Jersey Better Educational Savings Trust increased its holdings in Mammoth Energy Services by 60.0% in the 2nd quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the energy company’s stock worth $165,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Mammoth Energy Services by 57.6% in the 2nd quarter. Swiss National Bank now owns 24,900 shares of the energy company’s stock worth $171,000 after acquiring an additional 9,100 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.

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Earnings History and Estimates for Mammoth Energy Services (NASDAQ:TUSK)

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