Mammoth Energy Services (TUSK) Downgraded by BidaskClub

BidaskClub downgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

A number of other brokerages also recently issued reports on TUSK. Zacks Investment Research upgraded shares of Mammoth Energy Services from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Saturday, July 7th. Imperial Capital set a $46.00 price target on shares of Mammoth Energy Services and gave the stock a buy rating in a research report on Tuesday, July 3rd. Piper Jaffray Companies restated an overweight rating and issued a $45.00 price target on shares of Mammoth Energy Services in a research report on Monday, August 20th. They noted that the move was a valuation call. Raymond James downgraded shares of Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 price target on the stock. in a research report on Friday, August 24th. Finally, Credit Suisse Group boosted their price target on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the stock an outperform rating in a research report on Wednesday, August 8th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $38.44.

Shares of NASDAQ TUSK opened at $25.80 on Wednesday. The company has a market capitalization of $1.15 billion, a PE ratio of 6.29 and a beta of 0.05. Mammoth Energy Services has a 52-week low of $16.88 and a 52-week high of $42.30.



Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results 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 firm had revenue of $533.60 million during the quarter, compared to analyst estimates of $531.25 million. Mammoth Energy Services had a return on equity of 34.33% and a net margin of 10.57%. The firm’s revenue for the quarter was up 442.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. Equities research analysts forecast that Mammoth Energy Services will post 4.36 earnings per share for the current fiscal year.

In other news, Director Meh Sub Llc sold 266,026 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $38.01, for a total value of $10,111,648.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. James Investment Research Inc. increased its stake in shares of Mammoth Energy Services by 23.3% in the 3rd quarter. James Investment Research Inc. now owns 73,770 shares of the energy company’s stock valued at $2,147,000 after acquiring an additional 13,920 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Mammoth Energy Services by 441.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock valued at $21,645,000 after acquiring an additional 606,457 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Mammoth Energy Services by 79.8% in the 3rd quarter. First Trust Advisors LP now owns 102,713 shares of the energy company’s stock valued at $2,989,000 after acquiring an additional 45,591 shares in the last quarter. Strs Ohio bought a new stake in shares of Mammoth Energy Services in the 3rd quarter valued at $721,000. Finally, NJ State Employees Deferred Compensation Plan increased its stake in shares of Mammoth Energy Services by 28.6% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the energy company’s stock valued at $524,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors 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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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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