Mammoth Energy Services (NASDAQ:TUSK) released its quarterly earnings data on Thursday. The energy company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.78, Briefing.com reports. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The company had revenue of $278.20 million during the quarter, compared to analyst estimates of $350.11 million. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business’s quarterly revenue was down 24.6% compared to the same quarter last year.
Mammoth Energy Services stock opened at $20.46 on Friday. Mammoth Energy Services has a 1 year low of $16.81 and a 1 year high of $42.30. The stock has a market capitalization of $958.22 million, a PE ratio of 14.41 and a beta of 1.95.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Thursday, February 7th were given a $0.125 dividend. The ex-dividend date was Wednesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.44%. Mammoth Energy Services’s payout ratio is currently 35.21%.
Several research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 6th. BidaskClub upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Imperial Capital restated an “outperform” rating and issued a $30.00 target price (down from $40.00) on shares of Mammoth Energy Services in a research note on Wednesday, January 9th. Tudor Pickering upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. Finally, Zacks Investment Research upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.22.
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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