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

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

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 research analysts also recently issued reports on TUSK. BidaskClub downgraded Mammoth Energy Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. Imperial Capital set a $46.00 price objective on Mammoth Energy Services and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Barclays upped their price target on Mammoth Energy Services from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, July 6th. Piper Jaffray Companies restated an “overweight” rating and issued a $45.00 price target on shares of Mammoth Energy Services in a research note on Monday, August 20th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.44.



Shares of NASDAQ:TUSK opened at $25.80 on Thursday. The company has a market cap of $1.20 billion, a P/E ratio of 18.17 and a beta of 0.05. Mammoth Energy Services has a 12-month low of $16.88 and a 12-month high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Monday, August 6th. The energy company reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.17). The company had revenue of $533.60 million for the quarter, compared to the consensus estimate of $531.25 million. Mammoth Energy Services had a net margin of 10.57% and a return on equity of 34.33%. The company’s revenue was up 442.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. On average, research analysts predict that Mammoth Energy Services will post 4.36 earnings per share for the current year.

In other Mammoth Energy Services news, Director Meh Sub Llc sold 266,026 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $38.01, for a total value of $10,111,648.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TUSK. Russell Investments Group Ltd. raised 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 worth $21,645,000 after acquiring an additional 606,457 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Mammoth Energy Services by 37.7% during the 2nd quarter. BlackRock Inc. now owns 685,958 shares of the energy company’s stock worth $23,295,000 after acquiring an additional 187,868 shares in the last quarter. Millennium Management LLC raised 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 worth $21,124,000 after acquiring an additional 68,786 shares in the last quarter. Penn Capital Management Co. Inc. raised its holdings in shares of Mammoth Energy Services by 41.5% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 506,562 shares of the energy company’s stock worth $17,225,000 after acquiring an additional 148,481 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in shares of Mammoth Energy Services during the 2nd quarter worth approximately $13,891,000. Institutional investors and hedge funds own 81.27% of the company’s stock.

About Mammoth Energy Services

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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