Weiss Ratings Reaffirms “Sell (E+)” Rating for Mammoth Energy Services (NASDAQ:TUSK)

Mammoth Energy Services (NASDAQ:TUSK)‘s stock had its “sell (e+)” rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Mammoth Energy Services Price Performance

NASDAQ TUSK opened at $2.28 on Wednesday. The firm’s 50-day moving average is $2.35 and its two-hundred day moving average is $2.48. Mammoth Energy Services has a 12 month low of $1.68 and a 12 month high of $4.80. The stock has a market capitalization of $109.88 million, a P/E ratio of -3.51 and a beta of 1.43.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, August 8th. The energy company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). Mammoth Energy Services had a negative net margin of 18.13% and a negative return on equity of 29.24%. The company had revenue of $16.41 million during the quarter, compared to analyst estimates of $43.70 million.

Institutional Trading of Mammoth Energy Services

Hedge funds have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Mammoth Energy Services during the second quarter worth about $27,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mammoth Energy Services during the second quarter worth about $34,000. Jane Street Group LLC lifted its position in shares of Mammoth Energy Services by 48.3% during the second quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock worth $48,000 after purchasing an additional 5,621 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Mammoth Energy Services by 45.8% during the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock worth $69,000 after purchasing an additional 7,192 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Mammoth Energy Services during the first quarter worth about $75,000. Institutional investors and hedge funds own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.