Mammoth Energy Services Inc (NASDAQ:TUSK) shares were up 9.4% on Monday . The company traded as high as $3.56 and last traded at $3.49, approximately 860,032 shares were traded during trading. An increase of 157% from the average daily volume of 334,750 shares. The stock had previously closed at $3.19.
A number of equities analysts recently weighed in on TUSK shares. Zacks Investment Research downgraded shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. TheStreet downgraded shares of Mammoth Energy Services from a “c-” rating to a “d+” rating in a report on Tuesday, June 11th. Credit Suisse Group lowered their target price on shares of Mammoth Energy Services from $15.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Capital One Financial downgraded shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and set a $5.00 target price on the stock. in a report on Friday, August 2nd. Finally, Imperial Capital reiterated an “outperform” rating and issued a $10.00 price objective (down from $18.00) on shares of Mammoth Energy Services in a report on Monday, August 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.17.
The company has a market cap of $143.57 million, a P/E ratio of 0.56 and a beta of 1.75. The business has a fifty day moving average price of $4.02 and a 200-day moving average price of $10.78. The company has a quick ratio of 2.68, a current ratio of 2.82 and a debt-to-equity ratio of 0.15.
Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Thursday, August 1st. The energy company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.17). The firm had revenue of $181.80 million during the quarter, compared to analyst estimates of $195.78 million. Mammoth Energy Services had a net margin of 14.03% and a return on equity of 20.78%. Mammoth Energy Services’s revenue for the quarter was down 65.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. As a group, research analysts expect that Mammoth Energy Services Inc will post -0.4 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Mammoth Energy Services by 148.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,215 shares of the energy company’s stock worth $70,000 after purchasing an additional 2,520 shares during the period. Marshall Wace North America L.P. increased its stake in shares of Mammoth Energy Services by 129.5% during the first quarter. Marshall Wace North America L.P. now owns 6,346 shares of the energy company’s stock worth $106,000 after purchasing an additional 3,581 shares during the period. Jefferies Group LLC bought a new position in shares of Mammoth Energy Services during the second quarter worth approximately $143,000. New Jersey Better Educational Savings Trust increased its stake in shares of Mammoth Energy Services by 60.0% during the second quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the energy company’s stock worth $165,000 after purchasing an additional 9,000 shares during the period. Finally, Swiss National Bank increased its stake in shares of Mammoth Energy Services by 57.6% during the second quarter. Swiss National Bank now owns 24,900 shares of the energy company’s stock worth $171,000 after purchasing an additional 9,100 shares during the period. Institutional investors own 80.34% of the company’s stock.
Mammoth Energy Services Company Profile (NASDAQ:TUSK)
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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