Mammoth Energy Services (NASDAQ:TUSK) Raised to “Buy” at ValuEngine

Mammoth Energy Services (NASDAQ:TUSK) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, ValuEngine reports.

Several other brokerages have also issued reports on TUSK. Imperial Capital lowered Mammoth Energy Services from an “outperform” rating to an “outperform” rating and cut their target price for the stock from $6.00 to $1.50 in a research note on Monday, November 11th. TheStreet lowered Mammoth Energy Services from a “c-” rating to a “d” rating in a research note on Friday, November 8th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $3.00 target price (down previously from $7.25) on shares of Mammoth Energy Services in a research note on Tuesday, November 19th. Credit Suisse Group cut their target price on Mammoth Energy Services from $15.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.00.

Shares of TUSK opened at $1.50 on Tuesday. The firm has a market cap of $70.68 million, a P/E ratio of 0.27 and a beta of 1.60. The stock has a 50 day simple moving average of $1.71 and a two-hundred day simple moving average of $4.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.24 and a quick ratio of 3.10. Mammoth Energy Services has a 1 year low of $1.22 and a 1 year high of $25.97.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.40). The firm had revenue of $113.40 million during the quarter, compared to analysts’ expectations of $153.52 million. Mammoth Energy Services had a return on equity of 7.65% and a net margin of 5.98%. The firm’s quarterly revenue was down 70.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 EPS. On average, equities analysts anticipate that Mammoth Energy Services will post -0.81 earnings per share for the current year.

In related news, Director Wexford Capital Lp acquired 35,904 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $1.36 per share, for a total transaction of $48,829.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in Mammoth Energy Services by 13.4% in the third quarter. Russell Investments Group Ltd. now owns 2,160,958 shares of the energy company’s stock valued at $5,359,000 after purchasing an additional 255,588 shares during the last quarter. Janus Henderson Group PLC lifted its position in Mammoth Energy Services by 31.5% in the second quarter. Janus Henderson Group PLC now owns 1,929,357 shares of the energy company’s stock valued at $13,274,000 after purchasing an additional 462,224 shares during the last quarter. Boston Partners lifted its position in Mammoth Energy Services by 106.6% in the second quarter. Boston Partners now owns 959,707 shares of the energy company’s stock valued at $6,603,000 after purchasing an additional 495,089 shares during the last quarter. BlackRock Inc. lifted its position in Mammoth Energy Services by 2.6% in the second quarter. BlackRock Inc. now owns 863,021 shares of the energy company’s stock valued at $5,937,000 after purchasing an additional 21,553 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Mammoth Energy Services by 117.8% in the third quarter. First Trust Advisors LP now owns 370,250 shares of the energy company’s stock valued at $918,000 after purchasing an additional 200,223 shares during the last quarter. Hedge funds and other institutional investors own 77.85% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.

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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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