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. “
A number of other equities analysts also recently issued reports on TUSK. BidaskClub upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a research report on Friday, January 11th. ValuEngine upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Imperial Capital lowered their price objective on Mammoth Energy Services from $30.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. Tudor Pickering downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Finally, Credit Suisse Group downgraded Mammoth Energy Services from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $17.00 in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.50.
Mammoth Energy Services stock traded up $0.09 during trading hours on Friday, hitting $14.71. The stock had a trading volume of 257,794 shares, compared to its average volume of 236,311. The company has a current ratio of 2.48, a quick ratio of 1.83 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $656.10 million, a PE ratio of 2.61 and a beta of 1.76. Mammoth Energy Services has a one year low of $13.25 and a one year high of $42.30.
Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Wednesday, May 1st. The energy company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.07). The firm had revenue of $262.14 million during the quarter, compared to the consensus estimate of $284.72 million. Mammoth Energy Services had a net margin of 14.32% and a return on equity of 31.76%. Mammoth Energy Services’s revenue for the quarter was down 47.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. As a group, analysts predict that Mammoth Energy Services will post 0.83 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of TUSK. MetLife Investment Advisors LLC acquired a new stake in Mammoth Energy Services during the third quarter worth approximately $286,000. Bowling Portfolio Management LLC grew its stake in Mammoth Energy Services by 9.7% during the fourth quarter. Bowling Portfolio Management LLC now owns 54,790 shares of the energy company’s stock worth $985,000 after purchasing an additional 4,853 shares during the period. Vanguard Group Inc grew its stake in Mammoth Energy Services by 38.6% during the third quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock worth $24,292,000 after purchasing an additional 232,542 shares during the period. Boston Partners grew its stake in Mammoth Energy Services by 259.1% during the fourth quarter. Boston Partners now owns 900,820 shares of the energy company’s stock worth $16,197,000 after purchasing an additional 649,972 shares during the period. Finally, Emerald Advisers LLC grew its stake in Mammoth Energy Services by 33.6% during the fourth quarter. Emerald Advisers LLC now owns 11,119 shares of the energy company’s stock worth $200,000 after purchasing an additional 2,796 shares during the period. Institutional investors own 82.53% of the company’s stock.
About Mammoth Energy Services
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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