Zacks Investment Research Downgrades Mammooth Energy (TUSK) to Hold

Mammooth Energy (NASDAQ:TUSK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Mammoth Energy Services, Inc. is an integrated oilfield service company. Its segment consists of 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 CITY, United States. “

TUSK has been the subject of a number of other reports. Imperial Capital lifted their price target on shares of Mammooth Energy from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Credit Suisse Group lifted their price target on shares of Mammooth Energy from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BidaskClub downgraded shares of Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Jefferies Group initiated coverage on shares of Mammooth Energy in a research report on Thursday, October 5th. They set a “hold” rating and a $18.00 price target for the company. Finally, ValuEngine upgraded shares of Mammooth Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $23.90.

Mammooth Energy (TUSK) opened at $17.31 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Mammooth Energy has a twelve month low of $10.88 and a twelve month high of $24.54.

Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). The firm had revenue of $149.30 million during the quarter, compared to analyst estimates of $129.58 million. Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.35%. The business’s quarterly revenue was up 135.9% compared to the same quarter last year. research analysts anticipate that Mammooth Energy will post 0.14 earnings per share for the current year.

In other news, CEO Arty Straehla sold 25,842 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total transaction of $476,784.90. Following the completion of the transaction, the chief executive officer now directly owns 231,711 shares of the company’s stock, valued at approximately $4,275,067.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Mammooth Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 362,892 shares of the energy company’s stock worth $7,806,000 after acquiring an additional 38,931 shares during the period. American Century Companies Inc. grew its stake in Mammooth Energy by 54.7% in the 2nd quarter. American Century Companies Inc. now owns 627,081 shares of the energy company’s stock worth $11,664,000 after acquiring an additional 221,656 shares during the period. JPMorgan Chase & Co. grew its stake in Mammooth Energy by 261.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,156 shares of the energy company’s stock worth $356,000 after acquiring an additional 13,852 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in Mammooth Energy in the 2nd quarter worth approximately $525,000. Finally, TIAA CREF Investment Management LLC grew its stake in Mammooth Energy by 273.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 70,604 shares of the energy company’s stock worth $1,313,000 after acquiring an additional 51,707 shares during the period. 73.60% of the stock is owned by institutional investors and hedge funds.

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Mammooth Energy Company Profile

Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.

Analyst Recommendations for Mammooth Energy (NASDAQ:TUSK)

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