Zacks Investment Research cut shares of MAMMOOTH ENERGY (NASDAQ:TUSK) from a buy rating to a hold rating in a research report released on Tuesday, July 25th.
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 analysts also recently weighed in on the company. Piper Jaffray Companies reaffirmed a buy rating and set a $19.00 target price (down previously from $22.00) on shares of MAMMOOTH ENERGY in a research note on Wednesday, July 12th. Barclays PLC downgraded MAMMOOTH ENERGY from an overweight rating to an equal weight rating and cut their target price for the company from $26.00 to $17.00 in a research note on Wednesday, July 12th. R. F. Lafferty assumed coverage on MAMMOOTH ENERGY in a research note on Wednesday, June 14th. They set a buy rating and a $37.00 target price on the stock. Instinet reaffirmed a buy rating and set a $32.00 target price on shares of MAMMOOTH ENERGY in a research note on Wednesday, April 19th. Finally, Nomura assumed coverage on MAMMOOTH ENERGY in a research note on Wednesday, April 19th. They set a buy rating and a $32.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $23.00.
Shares of MAMMOOTH ENERGY (NASDAQ:TUSK) traded down 5.62% on Tuesday, reaching $13.11. The company had a trading volume of 469,312 shares. MAMMOOTH ENERGY has a 12 month low of $11.91 and a 12 month high of $24.54. The company has a market capitalization of $583.40 million and a price-to-earnings ratio of 140.97. The stock has a 50 day moving average price of $16.70 and a 200-day moving average price of $18.63.
MAMMOOTH ENERGY (NASDAQ:TUSK) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. The firm had revenue of $98.26 million for the quarter, compared to the consensus estimate of $92.14 million. MAMMOOTH ENERGY had a negative return on equity of 3.31% and a negative net margin of 21.65%. The company’s revenue was up 42.1% compared to the same quarter last year. Analysts forecast that MAMMOOTH ENERGY will post $0.06 EPS for the current fiscal year.
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In other news, Director Arthur L. Smith purchased 6,000 shares of the stock in a transaction dated Friday, June 9th. The shares were bought at an average cost of $16.91 per share, for a total transaction of $101,460.00. Following the transaction, the director now owns 6,667 shares in the company, valued at $112,738.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC purchased a new position in shares of MAMMOOTH ENERGY during the fourth quarter valued at about $184,000. Thomson Horstmann & Bryant Inc. purchased a new position in shares of MAMMOOTH ENERGY during the first quarter valued at about $5,331,000. Mesirow Financial Investment Management Equity Management purchased a new position in shares of MAMMOOTH ENERGY during the first quarter valued at about $437,000. Northpointe Capital LLC purchased a new position in shares of MAMMOOTH ENERGY during the first quarter valued at about $412,000. Finally, Russell Investments Group Ltd. boosted its position in shares of MAMMOOTH ENERGY by 14.0% in the first quarter. Russell Investments Group Ltd. now owns 116,510 shares of the energy company’s stock worth $2,506,000 after buying an additional 14,264 shares during the last quarter. Institutional investors own 63.30% of the company’s stock.
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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