Brokerages expect that Mammoth Energy Services Inc (NASDAQ:TUSK) will report $0.76 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Mammoth Energy Services’ earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $1.00. Mammoth Energy Services posted earnings of $1.54 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 50.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Mammoth Energy Services will report full year earnings of $4.06 per share for the current financial year, with EPS estimates ranging from $3.89 to $4.32. For the next fiscal year, analysts forecast that the company will report earnings of $3.41 per share, with EPS estimates ranging from $1.96 to $4.39. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Mammoth Energy Services.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, October 31st. The energy company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.48. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The business had revenue of $384.00 million for the quarter, compared to analysts’ expectations of $473.89 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. Mammoth Energy Services’s revenue was up 157.2% compared to the same quarter last year.

Several research firms have recently commented on TUSK. Zacks Investment Research cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. BidaskClub cut shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Piper Jaffray Companies set a $37.00 price target on shares of Mammoth Energy Services and gave the company a “buy” rating in a research note on Tuesday, November 6th. Barclays set a $44.00 price target on shares of Mammoth Energy Services and gave the company a “buy” rating in a research note on Saturday, November 3rd. Finally, ValuEngine cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Mammoth Energy Services currently has an average rating of “Hold” and an average price target of $37.00.

TUSK opened at $23.88 on Friday. Mammoth Energy Services has a one year low of $16.88 and a one year high of $42.30. The company has a market cap of $1.13 billion, a PE ratio of 16.82 and a beta of 0.95.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 8th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $0.50 annualized dividend and a yield of 2.09%. Mammoth Energy Services’s dividend payout ratio is currently 35.21%.

In related news, CFO Mark E. Layton sold 1,136 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $27.13, for a total value of $30,819.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Arty Straehla sold 2,230 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $26.20, for a total transaction of $58,426.00. Following the completion of the transaction, the chief executive officer now owns 199,007 shares in the company, valued at $5,213,983.40. The disclosure for this sale can be found here. Insiders sold 39,977 shares of company stock worth $1,067,125 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TUSK. Russell Investments Group Ltd. lifted its holdings in Mammoth Energy Services by 441.3% in the third quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock valued at $21,645,000 after buying an additional 606,457 shares during the period. Allianz Asset Management GmbH acquired a new stake in Mammoth Energy Services in the third quarter worth $13,069,000. Laurion Capital Management LP acquired a new stake in Mammoth Energy Services in the second quarter worth $13,891,000. AQR Capital Management LLC raised its holdings in Mammoth Energy Services by 284.8% in the third quarter. AQR Capital Management LLC now owns 374,546 shares of the energy company’s stock worth $10,899,000 after purchasing an additional 277,218 shares during the period. Finally, Teachers Advisors LLC raised its holdings in Mammoth Energy Services by 1,510.0% in the third quarter. Teachers Advisors LLC now owns 278,555 shares of the energy company’s stock worth $8,106,000 after purchasing an additional 261,253 shares during the period. Institutional investors and hedge funds own 78.53% of the company’s stock.

About Mammoth Energy Services

Mammoth Energy Services, Inc engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following business segments: Pressure Pumping, Infrastructure, Sand, Drilling, and All Other. The Pressure Pumping segment provides pressure pumping services, also known as hydraulic fracturing, to exploration and production companies.

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