Mammooth Energy (NASDAQ:TUSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

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. “

A number of other research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Mammooth Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Credit Suisse Group lifted their price objective on shares of Mammooth Energy from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Imperial Capital lifted their price objective on shares of Mammooth Energy from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Jefferies Group began coverage on shares of Mammooth Energy in a report on Thursday, October 5th. They issued a “hold” rating and a $18.00 price objective for the company. Finally, BidaskClub cut shares of Mammooth Energy from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $23.90.

Mammooth Energy (TUSK) opened at $17.31 on Thursday. Mammooth Energy has a 1 year low of $10.88 and a 1 year high of $24.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 1.39.

Mammooth Energy (NASDAQ:TUSK) last posted its earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $149.30 million for the quarter, compared to analyst estimates of $129.58 million. Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.35%. The business’s revenue was up 135.9% compared to the same quarter last year. equities analysts expect that Mammooth Energy will post 0.14 earnings per share for the current fiscal year.

In other news, CEO Arty Straehla sold 25,842 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total transaction of $476,784.90. Following the completion of the sale, the chief executive officer now owns 231,711 shares of the company’s stock, valued at $4,275,067.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in TUSK. American International Group Inc. purchased a new stake in shares of Mammooth Energy during the first quarter worth about $103,000. Royce & Associates LP purchased a new stake in shares of Mammooth Energy during the first quarter worth about $168,000. Teachers Advisors LLC purchased a new stake in shares of Mammooth Energy during the fourth quarter worth about $184,000. Nationwide Fund Advisors increased its stake in shares of Mammooth Energy by 283.0% during the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after purchasing an additional 7,593 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Mammooth Energy during the second quarter worth about $191,000. 73.60% of the stock is owned by institutional investors and hedge funds.

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About Mammooth Energy

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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