ValuEngine lowered shares of Mammoth Energy Services (NASDAQ:TUSK) from a hold rating to a sell rating in a report released on Thursday morning.
TUSK has been the subject of several other research reports. Zacks Investment Research cut Mammoth Energy Services from a buy rating to a hold rating in a report on Saturday, August 11th. BidaskClub cut Mammoth Energy Services from a buy rating to a hold rating in a report on Wednesday, October 24th. Barclays boosted their price objective on Mammoth Energy Services from $42.00 to $49.00 and gave the company a buy rating in a report on Friday, July 6th. Credit Suisse Group boosted their price objective on Mammoth Energy Services from $36.00 to $38.00 and gave the company an outperform rating in a report on Wednesday, August 8th. Finally, Raymond James cut Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 price objective for the company. in a report on Friday, August 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $37.89.
Shares of TUSK stock opened at $26.96 on Thursday. The stock has a market capitalization of $1.21 billion, a PE ratio of 18.99 and a beta of 0.97. Mammoth Energy Services has a 52-week low of $16.88 and a 52-week high of $42.30.
Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.48. The business had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $473.89 million. Mammoth Energy Services had a return on equity of 44.86% and a net margin of 13.12%. The company’s revenue for the quarter was up 157.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. Sell-side analysts expect that Mammoth Energy Services will post 4.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. Mammoth Energy Services’s payout ratio is 35.21%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. acquired a new position in Mammoth Energy Services in the 2nd quarter worth about $122,000. SG Americas Securities LLC acquired a new position in Mammoth Energy Services in the 2nd quarter worth about $141,000. Meeder Asset Management Inc. raised its holdings in Mammoth Energy Services by 285.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after purchasing an additional 3,101 shares during the period. PNC Financial Services Group Inc. acquired a new position in Mammoth Energy Services in the 2nd quarter worth about $158,000. Finally, Barclays PLC raised its holdings in Mammoth Energy Services by 343.7% in the 1st quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after purchasing an additional 4,385 shares during the period. 81.35% of the stock is owned by institutional investors.
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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