Mammooth Energy (TUSK) Rating Increased to Hold at Zacks Investment Research
Mammooth Energy (NASDAQ:TUSK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
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. “
Several other research firms have also recently commented on TUSK. Instinet reiterated a “buy” rating and set a $32.00 target price on shares of Mammooth Energy in a research note on Wednesday, April 19th. Nomura assumed coverage on shares of Mammooth Energy in a research note on Wednesday, April 19th. They set a “buy” rating and a $32.00 target price for the company. Piper Jaffray Companies reiterated a “buy” rating and set a $19.00 target price (down from $22.00) on shares of Mammooth Energy in a research note on Wednesday, July 12th. Barclays PLC cut shares of Mammooth Energy from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $26.00 to $17.00 in a research note on Wednesday, July 12th. Finally, R. F. Lafferty assumed coverage on shares of Mammooth Energy in a research note on Wednesday, June 14th. They issued a “buy” rating and a $37.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Mammooth Energy presently has a consensus rating of “Buy” and a consensus price target of $23.20.
Mammooth Energy (TUSK) traded down 4.00% during midday trading on Tuesday, hitting $11.28. 50,016 shares of the stock traded hands. The stock has a market cap of $501.98 million and a PE ratio of 121.29. The company has a 50-day moving average of $15.61 and a 200-day moving average of $18.27. Mammooth Energy has a 1-year low of $11.20 and a 1-year high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last released its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The firm had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. Mammooth Energy had a negative net margin of 21.65% and a negative return on equity of 3.04%. The firm’s revenue was up 42.1% on a year-over-year basis. On average, equities analysts expect that Mammooth Energy will post ($0.08) EPS for the current fiscal year.
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In other news, Director Arthur L. Smith bought 6,000 shares of the stock in a transaction dated Friday, June 9th. The shares were acquired at an average price of $16.91 per share, with a total value of $101,460.00. Following the acquisition, the director now owns 6,667 shares in the company, valued at $112,738.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of TUSK. American International Group Inc. bought a new stake in shares of Mammooth Energy during the first quarter worth approximately $103,000. Royce & Associates LP bought a new stake in shares of Mammooth Energy during the first quarter worth approximately $168,000. Teachers Advisors LLC bought a new stake in shares of Mammooth Energy during the fourth quarter worth approximately $184,000. Nationwide Fund Advisors raised its stake in shares of 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 bought a new stake in shares of Mammooth Energy during the second quarter worth approximately $191,000. 63.97% of the stock is currently owned by hedge funds and other institutional investors.
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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