Brokerages Set Mammoth Energy Services Inc (NASDAQ:TUSK) PT at $9.17

Shares of Mammoth Energy Services Inc (NASDAQ:TUSK) have received an average rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.17.

Several equities research analysts recently commented on TUSK shares. Stephens downgraded shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $25.00 to $7.00 in a research report on Friday, June 7th. Piper Jaffray Companies set a $10.00 target price on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research report on Friday, June 7th. Capital One Financial downgraded shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and set a $5.00 target price for the company. in a research report on Friday, August 2nd. Zacks Investment Research downgraded shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, TheStreet downgraded shares of Mammoth Energy Services from a “c-” rating to a “d+” rating in a research report on Tuesday, June 11th.

Several institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in shares of Mammoth Energy Services by 15.2% during the 1st quarter. Alps Advisors Inc. now owns 18,821 shares of the energy company’s stock valued at $313,000 after purchasing an additional 2,489 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Mammoth Energy Services by 148.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,215 shares of the energy company’s stock valued at $70,000 after buying an additional 2,520 shares during the last quarter. Marshall Wace North America L.P. grew its stake in Mammoth Energy Services by 129.5% in the 1st quarter. Marshall Wace North America L.P. now owns 6,346 shares of the energy company’s stock valued at $106,000 after buying an additional 3,581 shares during the last quarter. New Jersey Better Educational Savings Trust grew its stake in Mammoth Energy Services by 60.0% in the 2nd quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the energy company’s stock valued at $165,000 after buying an additional 9,000 shares during the last quarter. Finally, Swiss National Bank grew its stake in Mammoth Energy Services by 57.6% in the 2nd quarter. Swiss National Bank now owns 24,900 shares of the energy company’s stock valued at $171,000 after buying an additional 9,100 shares during the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.



Shares of Mammoth Energy Services stock traded down $0.07 on Friday, hitting $3.19. The company had a trading volume of 12,809 shares, compared to its average volume of 318,189. The business has a 50-day simple moving average of $4.30 and a 200-day simple moving average of $11.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.82 and a quick ratio of 2.68. The company has a market cap of $165.62 million, a PE ratio of 0.56 and a beta of 1.74. Mammoth Energy Services has a 52 week low of $3.09 and a 52 week high of $30.61.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Thursday, August 1st. The energy company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.17). The business had revenue of $181.80 million for the quarter, compared to the consensus estimate of $195.78 million. Mammoth Energy Services had a return on equity of 20.78% and a net margin of 14.03%. The company’s quarterly revenue was down 65.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, equities research analysts predict that Mammoth Energy Services will post -0.34 earnings per share for the current fiscal year.

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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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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