Zacks Investment Research Downgrades Mammooth Energy (TUSK) to Hold
Mammooth Energy (NASDAQ:TUSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors 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. “
A number of other analysts also recently commented on TUSK. BidaskClub downgraded Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Jefferies Group initiated coverage on Mammooth Energy in a research report on Thursday, October 5th. They issued a “hold” rating and a $18.00 target price for the company. Imperial Capital initiated coverage on Mammooth Energy in a report on Friday, August 18th. They issued an “outperform” rating and a $16.00 price target for the company. Credit Suisse Group raised their price target on Mammooth Energy from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, ValuEngine raised Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Mammooth Energy has a consensus rating of “Buy” and an average price target of $23.90.
Mammooth Energy (TUSK) opened at $17.56 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Mammooth Energy has a twelve month low of $10.88 and a twelve month high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last posted its earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). The company had revenue of $149.30 million during the quarter, compared to the consensus estimate of $129.58 million. Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.35%. The business’s revenue was up 135.9% compared to the same quarter last year. equities analysts anticipate that Mammooth Energy will post 0.14 EPS for the current year.
In other news, CEO Arty Straehla sold 25,842 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 231,711 shares of the company’s stock, valued at approximately $4,275,067.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in TUSK. American International Group Inc. purchased a new stake in Mammooth Energy during the 1st quarter valued at $103,000. GSA Capital Partners LLP purchased a new stake in shares of Mammooth Energy in the 2nd quarter worth $191,000. Nationwide Fund Advisors increased its stake in shares of Mammooth Energy by 283.0% in the 2nd quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after purchasing an additional 7,593 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Mammooth Energy in the 2nd quarter worth $208,000. Finally, Swiss National Bank purchased a new stake in shares of Mammooth Energy in the 2nd quarter worth $233,000. 73.60% of the stock is currently owned by institutional investors and hedge funds.
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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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