Zacks Investment Research upgraded shares of MAMMOOTH ENERGY (NASDAQ:TUSK) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Mammoth Energy Services, Inc. is an integrated oilfield service company. Its segment consists of Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services. Mammoth Energy Services, Inc. is based in OKLAHOMA CITY, United States. “
TUSK has been the subject of several other reports. R. F. Lafferty started coverage on shares of MAMMOOTH ENERGY in a research report on Wednesday, June 14th. They set a buy rating and a $37.00 price target for the company. Credit Suisse Group restated an outperform rating and set a $18.00 price target (down from $25.00) on shares of MAMMOOTH ENERGY in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Piper Jaffray Companies restated a buy rating and set a $19.00 price target (down from $22.00) on shares of MAMMOOTH ENERGY in a research report on Wednesday, July 12th. Barclays PLC lowered shares of MAMMOOTH ENERGY from an overweight rating to an equal weight rating and cut their price target for the company from $26.00 to $17.00 in a research report on Wednesday, July 12th. Finally, Nomura assumed coverage on shares of MAMMOOTH ENERGY in a report on Wednesday, April 19th. They set a buy rating and a $32.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $22.55.
MAMMOOTH ENERGY (NASDAQ:TUSK) opened at 11.68 on Tuesday. The firm has a market capitalization of $519.78 million and a P/E ratio of 125.59. MAMMOOTH ENERGY has a one year low of $10.88 and a one year high of $24.54. The firm’s 50-day moving average price is $14.86 and its 200 day moving average price is $18.07.
MAMMOOTH ENERGY (NASDAQ:TUSK) last posted its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.05. MAMMOOTH ENERGY had a negative net margin of 21.65% and a negative return on equity of 3.04%. The business had revenue of $98.26 million during the quarter, compared to analyst estimates of $92.14 million. MAMMOOTH ENERGY’s revenue was up 42.1% on a year-over-year basis. On average, equities analysts anticipate that MAMMOOTH ENERGY will post ($0.05) earnings per share for the current fiscal year.
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In other news, Director Arthur L. Smith bought 6,000 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was bought at an average cost of $16.91 per share, for a total transaction of $101,460.00. Following the completion of the acquisition, the director now owns 6,667 shares in the company, valued at approximately $112,738.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. American International Group Inc. purchased a new stake in MAMMOOTH ENERGY during the first quarter worth $103,000. Royce & Associates LP purchased a new stake in MAMMOOTH ENERGY during the first quarter worth $168,000. Teachers Advisors LLC purchased a new stake in MAMMOOTH ENERGY during the fourth quarter worth $184,000. Nationwide Fund Advisors raised its stake in MAMMOOTH ENERGY by 283.0% in the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after buying an additional 7,593 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in MAMMOOTH ENERGY during the second quarter worth $191,000. Institutional investors own 63.97% of the company’s stock.
MAMMOOTH ENERGY Company Profile
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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