Zacks Investment Research downgraded shares of Mammooth Energy (NASDAQ:TUSK) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.
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. “
Other equities analysts have also issued reports about the stock. Instinet reiterated a buy rating and issued a $32.00 price objective on shares of Mammooth Energy in a research report on Wednesday, April 19th. Nomura assumed coverage on shares of Mammooth Energy in a research report on Wednesday, April 19th. They issued a buy rating and a $32.00 price objective on the stock. Piper Jaffray Companies reiterated a buy rating and issued a $19.00 price objective (down from $22.00) on shares of Mammooth Energy in a research report on Wednesday, July 12th. Barclays PLC lowered shares of Mammooth Energy from an overweight rating to an equal weight rating and lowered their price objective for the company from $26.00 to $17.00 in a research report on Wednesday, July 12th. Finally, Credit Suisse Group reiterated an outperform rating and issued a $18.00 price objective (down from $25.00) on shares of Mammooth Energy in a research report on Tuesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Mammooth Energy has an average rating of Buy and an average target price of $23.20.
Mammooth Energy (TUSK) traded down 1.04% during trading on Wednesday, hitting $11.44. 105,673 shares of the company traded hands. The company’s 50-day moving average is $15.77 and its 200 day moving average is $18.31. The firm has a market cap of $509.10 million and a price-to-earnings ratio of 123.01. Mammooth Energy has a 52-week low of $11.39 and a 52-week high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $98.26 million for the quarter, compared to analyst estimates of $92.14 million. Mammooth Energy had a negative net margin of 21.65% and a negative return on equity of 3.04%. The firm’s revenue for the quarter was up 42.1% on a year-over-year basis.
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In other news, Director Arthur L. Smith acquired 6,000 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were purchased at an average cost of $16.91 per share, for a total transaction of $101,460.00. Following the transaction, the director now directly owns 6,667 shares in the company, valued at approximately $112,738.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC acquired a new stake in Mammooth Energy during the fourth quarter worth approximately $184,000. Thomson Horstmann & Bryant Inc. acquired a new stake in Mammooth Energy during the first quarter worth approximately $5,331,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Mammooth Energy during the first quarter worth approximately $437,000. Northpointe Capital LLC acquired a new stake in Mammooth Energy during the first quarter worth approximately $412,000. Finally, Russell Investments Group Ltd. increased its stake in Mammooth Energy by 14.0% in the first quarter. Russell Investments Group Ltd. now owns 116,510 shares of the energy company’s stock worth $2,506,000 after buying an additional 14,264 shares during the period. 63.17% of the stock is owned by institutional investors.
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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