BidaskClub upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a hold rating to a buy rating in a research report report published on Wednesday morning.
Several other analysts also recently weighed in on the company. Piper Jaffray Companies set a $37.00 target price on Mammoth Energy Services and gave the company a buy rating in a research note on Tuesday. Barclays set a $44.00 target price on Mammoth Energy Services and gave the company a buy rating in a research note on Saturday, November 3rd. ValuEngine downgraded Mammoth Energy Services from a hold rating to a sell rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded Mammoth Energy Services from a strong sell rating to a hold rating in a research note on Thursday, October 25th. Finally, Raymond James downgraded Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 target price for the company. in a research note on Friday, August 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $37.00.
Shares of Mammoth Energy Services stock traded down $0.49 during trading hours on Wednesday, hitting $26.19. 220,375 shares of the company’s stock traded hands, compared to its average volume of 278,052. The company has a market capitalization of $1.25 billion, a PE ratio of 4.94 and a beta of 0.97. Mammoth Energy Services has a twelve month low of $16.88 and a twelve month high of $42.30.
Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.48. The company had revenue of $384.00 million during the quarter, compared to the consensus estimate of $473.89 million. Mammoth Energy Services had a return on equity of 42.51% and a net margin of 13.12%. The company’s revenue was up 157.2% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share. As a group, sell-side analysts expect that Mammoth Energy Services will post 4.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. Mammoth Energy Services’s payout ratio is 35.21%.
Several hedge funds have recently modified their holdings of TUSK. Winslow Evans & Crocker Inc. bought a new position in shares of Mammoth Energy Services during the second quarter worth about $122,000. SG Americas Securities LLC bought a new position in shares of Mammoth Energy Services during the second quarter worth about $141,000. Meeder Asset Management Inc. lifted its position in shares of Mammoth Energy Services by 285.5% during the second 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 last quarter. PNC Financial Services Group Inc. bought a new position in shares of Mammoth Energy Services during the second quarter worth about $158,000. Finally, Jane Street Group LLC bought a new position in shares of Mammoth Energy Services during the first quarter worth about $210,000. 82.50% of the stock is currently owned by institutional investors and hedge funds.
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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