Mammoth Energy Services (NASDAQ:TUSK) is scheduled to announce its earnings results after the market closes on Wednesday, October 31st. Analysts expect the company to announce earnings of $1.06 per share for the quarter.
Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Monday, August 6th. The energy company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.17). The firm had revenue of $533.60 million during the quarter, compared to analyst estimates of $531.25 million. Mammoth Energy Services had a net margin of 10.57% and a return on equity of 34.33%. The firm’s revenue for the quarter was up 442.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. On average, analysts expect Mammoth Energy Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of TUSK stock opened at $25.80 on Monday. The stock has a market capitalization of $1.15 billion, a PE ratio of 18.17 and a beta of 0.05. Mammoth Energy Services has a fifty-two week low of $16.88 and a fifty-two week high of $42.30.
A hedge fund recently raised its stake in Mammoth Energy Services stock. Bank of New York Mellon Corp grew its position in Mammoth Energy Services Inc (NASDAQ:TUSK) by 49.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,916 shares of the energy company’s stock after acquiring an additional 21,413 shares during the quarter. Bank of New York Mellon Corp owned about 0.15% of Mammoth Energy Services worth $2,205,000 as of its most recent SEC filing. Institutional investors own 81.35% of the company’s stock.
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.
Featured Story: Relative Strength Index
Receive News & Ratings for Mammoth Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mammoth Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.