Short Interest in Mammoth Energy Services Inc (NASDAQ:TUSK) Rises By 26.8%

Mammoth Energy Services Inc (NASDAQ:TUSK) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 1,800,000 shares, a growth of 26.8% from the May 30th total of 1,419,200 shares. Currently, 5.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 409,200 shares, the short-interest ratio is presently 4.4 days.

Shares of TUSK stock traded up $0.21 during trading hours on Friday, reaching $7.79. The company had a trading volume of 231,459 shares, compared to its average volume of 401,918. The company has a current ratio of 2.48, a quick ratio of 2.39 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $349.59 million, a price-to-earnings ratio of 1.38 and a beta of 1.48. The business has a fifty day moving average of $7.83. Mammoth Energy Services has a one year low of $5.55 and a one year high of $40.75.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). The business had revenue of $262.14 million during the quarter, compared to analysts’ expectations of $284.72 million. Mammoth Energy Services had a return on equity of 31.76% and a net margin of 14.32%. The business’s quarterly revenue was down 47.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. As a group, research analysts anticipate that Mammoth Energy Services will post 0.39 earnings per share for the current fiscal year.



TUSK has been the topic of a number of research analyst reports. Credit Suisse Group set a GBX 190 ($2.48) price target on shares of Barclays and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Tudor Pickering lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, July 5th. BidaskClub lowered shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Piper Jaffray Companies set a $10.00 price target on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research note on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.83.

Several institutional investors and hedge funds have recently bought and sold shares of TUSK. Great West Life Assurance Co. Can boosted its holdings in shares of Mammoth Energy Services by 90.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,524 shares of the energy company’s stock worth $26,000 after buying an additional 724 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Mammoth Energy Services by 148.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,215 shares of the energy company’s stock valued at $70,000 after purchasing an additional 2,520 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Mammoth Energy Services by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,547 shares of the energy company’s stock valued at $82,000 after purchasing an additional 3,551 shares in the last quarter. Marshall Wace North America L.P. lifted its holdings in Mammoth Energy Services by 129.5% during the first quarter. Marshall Wace North America L.P. now owns 6,346 shares of the energy company’s stock valued at $106,000 after purchasing an additional 3,581 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust lifted its holdings in Mammoth Energy Services by 60.0% during the second quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the energy company’s stock valued at $165,000 after purchasing an additional 9,000 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

Mammoth Energy Services Company Profile

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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