Mammoth Energy Services (TUSK) Posts Quarterly Earnings Results, Beats Expectations By $0.78 EPS

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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%.

A hedge fund recently raised its stake in Mammoth Energy Services stock. Geode Capital Management LLC lifted its holdings in Mammoth Energy Services Inc (NASDAQ:TUSK) by 9.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 165,510 shares of the energy company’s stock after buying an additional 13,907 shares during the quarter. Geode Capital Management LLC owned approximately 0.37% of Mammoth Energy Services worth $2,975,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 81.46% of the company’s stock.

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.

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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.

Further Reading: Compound Interest

Earnings History for Mammoth Energy Services (NASDAQ:TUSK)

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