Mammooth Energy (TUSK) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Mammooth Energy (NASDAQ:TUSK) from a buy rating to a hold rating in a research report report published 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. “

TUSK has been the subject of a number of other research reports. BidaskClub downgraded Mammooth Energy from a buy rating to a hold rating in a report on Saturday, December 2nd. Imperial Capital began coverage on Mammooth Energy in a report on Friday, August 18th. They issued an outperform rating and a $16.00 target price for the company. Jefferies Group began coverage on Mammooth Energy in a research report on Thursday, October 5th. They issued a hold rating and a $18.00 price target for the company. ValuEngine upgraded Mammooth Energy from a sell rating to a hold rating in a research report on Tuesday, October 31st. Finally, Credit Suisse Group raised their price target on Mammooth Energy from $20.00 to $22.00 and gave the company an outperform rating in a research report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $23.90.

Mammooth Energy (NASDAQ:TUSK) traded up $0.03 during trading on Thursday, reaching $17.56. The company’s stock had a trading volume of 65,211 shares, compared to its average volume of 116,247. Mammooth Energy has a 12 month low of $10.88 and a 12 month 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 released its earnings results on Wednesday, November 1st. The energy company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.35%. The business had revenue of $149.30 million during the quarter, compared to analyst estimates of $129.58 million. Mammooth Energy’s quarterly revenue was up 135.9% compared to the same quarter last year. analysts predict that Mammooth Energy will post 0.14 earnings per share for the current year.

In other news, CEO Arty Straehla sold 25,842 shares of the firm’s 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 $4,275,067.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in shares of Mammooth Energy by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,834 shares of the energy company’s stock valued at $555,000 after buying an additional 171 shares in the last quarter. Teachers Advisors LLC increased its position in Mammooth Energy by 13.6% during the 2nd quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock worth $280,000 after purchasing an additional 1,808 shares in the last quarter. Northern Trust Corp increased its position in Mammooth Energy by 2.2% during the 2nd quarter. Northern Trust Corp now owns 92,303 shares of the energy company’s stock worth $1,717,000 after purchasing an additional 1,996 shares in the last quarter. 1st Global Advisors Inc. increased its position in Mammooth Energy by 11.0% during the 2nd quarter. 1st Global Advisors Inc. now owns 28,843 shares of the energy company’s stock worth $536,000 after purchasing an additional 2,869 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Mammooth Energy by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 71,943 shares of the energy company’s stock worth $1,338,000 after purchasing an additional 3,986 shares in the last quarter. Institutional investors and hedge funds own 73.60% of the company’s stock.

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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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