BidaskClub upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a strong sell rating to a sell rating in a report released on Tuesday, BidAskClub reports.

Several other equities analysts have also commented on the company. Zacks Investment Research raised Mammoth Energy Services from a strong sell rating to a hold rating in a report on Wednesday, April 3rd. Barclays reaffirmed a buy rating and set a $22.00 target price on shares of Mammoth Energy Services in a report on Wednesday, March 20th. Capital One Financial reissued an overweight rating on shares of Mammoth Energy Services in a report on Friday, March 15th. Credit Suisse Group lowered Mammoth Energy Services from an outperform rating to a neutral rating and decreased their price objective for the stock from $33.00 to $17.00 in a report on Tuesday, March 19th. Finally, Tudor Pickering lowered Mammoth Energy Services from a buy rating to a hold rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $26.00.

Shares of Mammoth Energy Services stock opened at $17.94 on Tuesday. The stock has a market capitalization of $827.59 million, a P/E ratio of 3.19 and a beta of 1.89. Mammoth Energy Services has a fifty-two week low of $16.22 and a fifty-two week high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Thursday, March 14th. The energy company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.78. The company had revenue of $278.20 million during the quarter, compared to analyst estimates of $350.11 million. Mammoth Energy Services had a return on equity of 38.47% and a net margin of 13.96%. The business’s revenue was down 24.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. On average, equities analysts anticipate that Mammoth Energy Services will post 0.91 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its position in Mammoth Energy Services by 90.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,524 shares of the energy company’s stock worth $26,000 after purchasing an additional 724 shares during the period. Quantamental Technologies LLC acquired a new stake in Mammoth Energy Services in the fourth quarter worth approximately $40,000. Legal & General Group Plc lifted its position in Mammoth Energy Services by 62.0% in the third quarter. Legal & General Group Plc now owns 1,878 shares of the energy company’s stock worth $55,000 after purchasing an additional 719 shares during the period. Meeder Asset Management Inc. lifted its position in Mammoth Energy Services by 102.6% in the fourth quarter. Meeder Asset Management Inc. now owns 3,159 shares of the energy company’s stock worth $56,000 after purchasing an additional 1,600 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Mammoth Energy Services in the fourth quarter worth approximately $73,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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