Mammoth Energy Services Inc (NASDAQ:TUSK) – Jefferies Group raised their FY2017 earnings per share (EPS) estimates for shares of Mammoth Energy Services in a research note issued to investors on Wednesday. Jefferies Group analyst B. Handler now forecasts that the energy company will post earnings per share of $0.31 for the year, up from their previous estimate of $0.25. Jefferies Group currently has a “Hold” rating and a $18.00 target price on the stock. Jefferies Group also issued estimates for Mammoth Energy Services’ Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.60 EPS, FY2019 earnings at $1.35 EPS and FY2020 earnings at $1.45 EPS.

Several other research analysts have also recently weighed in on TUSK. Zacks Investment Research raised Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, October 12th. Imperial Capital raised their target price on Mammoth Energy Services from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. ValuEngine raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group raised their target price on Mammoth Energy Services from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, BidaskClub cut Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Mammoth Energy Services has a consensus rating of “Buy” and an average target price of $24.80.

Shares of Mammoth Energy Services (NASDAQ:TUSK) traded down $0.02 during mid-day trading on Friday, reaching $23.14. The company had a trading volume of 125,400 shares, compared to its average volume of 109,742. Mammoth Energy Services has a fifty-two week low of $10.88 and a fifty-two week high of $24.54. The company has a market capitalization of $1,030.67, a PE ratio of -13.22 and a beta of 5.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 1.39.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). Mammoth Energy Services had a negative net margin of 16.41% and a negative return on equity of 2.35%. The firm had revenue of $149.30 million for the quarter, compared to the consensus estimate of $129.58 million. The firm’s quarterly revenue was up 135.9% compared to the same quarter last year.

In related news, CEO Arty Straehla sold 25,842 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total value of $476,784.90. Following the completion of the transaction, the chief executive officer now owns 231,711 shares in the company, valued at approximately $4,275,067.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TUSK. Schwab Charles Investment Management Inc. boosted its position in shares of Mammoth Energy Services by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,834 shares of the energy company’s stock valued at $555,000 after purchasing an additional 171 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Mammoth Energy Services by 20.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,292 shares of the energy company’s stock valued at $637,000 after purchasing an additional 5,855 shares during the period. Prudential Financial Inc. acquired a new position in shares of Mammoth Energy Services in the 2nd quarter valued at $208,000. Swiss National Bank acquired a new position in shares of Mammoth Energy Services in the 2nd quarter valued at $233,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Mammoth Energy Services by 261.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,156 shares of the energy company’s stock valued at $356,000 after purchasing an additional 13,852 shares during the period. Institutional investors and hedge funds own 73.60% of the company’s stock.

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About Mammoth Energy Services

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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