Mammoth Energy Services (TUSK) Lifted to Hold at Zacks Investment Research

Mammoth Energy Services (NASDAQ:TUSK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “Mammoth Energy Services Inc. is an integrated oilfield service company. It engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves and energy infrastructure. The Company’s segment include 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, United States. “

TUSK has been the topic of a number of other reports. BidaskClub upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. ValuEngine cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Raymond James cut shares of Mammoth Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a research note on Friday, August 24th. Piper Jaffray Companies set a $37.00 target price on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Finally, Barclays set a $44.00 target price on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research note on Saturday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Shares of TUSK stock traded down $0.17 during trading on Friday, reaching $21.32. 211,382 shares of the company’s stock traded hands, compared to its average volume of 177,976. The stock has a market capitalization of $961.80 million, a P/E ratio of 15.01 and a beta of 0.95. Mammoth Energy Services has a 1 year low of $17.48 and a 1 year high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, October 31st. The energy company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.48. The company had revenue of $384.00 million for the quarter, compared to analysts’ expectations of $473.89 million. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. Mammoth Energy Services’s revenue was up 157.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS. On average, sell-side analysts anticipate that Mammoth Energy Services will post 4.1 EPS for the current fiscal year.

In other news, CEO Arty Straehla sold 36,611 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $26.71, for a total value of $977,879.81. Following the transaction, the chief executive officer now owns 199,007 shares of the company’s stock, valued at approximately $5,315,476.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur L. Smith sold 6,000 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $24.85, for a total transaction of $149,100.00. Following the completion of the transaction, the director now directly owns 12,235 shares in the company, valued at approximately $304,039.75. The disclosure for this sale can be found here. Insiders sold a total of 45,977 shares of company stock worth $1,216,225 in the last three months. Insiders own 0.25% of the company’s stock.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Mammoth Energy Services by 38.6% during the 3rd quarter. Vanguard Group Inc. now owns 834,739 shares of the energy company’s stock valued at $24,292,000 after purchasing an additional 232,542 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Mammoth Energy Services by 13.4% during the 3rd quarter. BlackRock Inc. now owns 778,113 shares of the energy company’s stock valued at $22,642,000 after purchasing an additional 92,155 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Mammoth Energy Services by 441.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock valued at $21,645,000 after purchasing an additional 606,457 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Mammoth Energy Services by 12.4% during the 2nd quarter. Millennium Management LLC now owns 622,038 shares of the energy company’s stock valued at $21,124,000 after purchasing an additional 68,786 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Mammoth Energy Services by 110.1% during the 3rd quarter. Prudential Financial Inc. now owns 488,025 shares of the energy company’s stock valued at $14,201,000 after purchasing an additional 255,771 shares during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

About Mammoth Energy Services

Mammoth Energy Services, Inc engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following business segments: Pressure Pumping, Infrastructure, Sand, Drilling, and All Other. The Pressure Pumping segment provides pressure pumping services, also known as hydraulic fracturing, to exploration and production companies.

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