Mammoth Energy Services (TUSK) Trading Up -1%

Mammoth Energy Services (NASDAQ:TUSK) was up 1% during mid-day trading on Thursday . The stock traded as high as $34.74 and last traded at $34.17. Approximately 252,279 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 233,311 shares. The stock had previously closed at $34.53.

Several equities research analysts have recently issued reports on TUSK shares. Stephens started coverage on shares of Mammoth Energy Services in a research report on Tuesday, January 9th. They issued an “overweight” rating and a $27.00 price objective for the company. Credit Suisse Group increased their price objective on shares of Mammoth Energy Services from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Zacks Investment Research lowered shares of Mammoth Energy Services from a “hold” rating to a “sell” rating and set a $26.00 price objective for the company. in a research report on Saturday, January 20th. Barclays raised shares of Mammoth Energy Services from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $30.00 in a research report on Tuesday, February 27th. Finally, BidaskClub raised shares of Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.50.

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The company has a market cap of $1,539.67, a price-to-earnings ratio of 23.61 and a beta of 0.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.35 and a current ratio of 1.43.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Wednesday, February 21st. The energy company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $1.02. The business had revenue of $368.96 million during the quarter, compared to the consensus estimate of $368.41 million. Mammoth Energy Services had a net margin of 8.54% and a return on equity of 14.30%. analysts forecast that Mammoth Energy Services will post 4.22 EPS for the current fiscal year.

In other news, CFO Mark E. Layton sold 4,373 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $26.13, for a total value of $114,266.49. Following the completion of the transaction, the chief financial officer now directly owns 52,702 shares in the company, valued at $1,377,103.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Castleark Management LLC boosted its stake in shares of Mammoth Energy Services by 26.0% in the fourth quarter. Castleark Management LLC now owns 98,728 shares of the energy company’s stock valued at $1,938,000 after purchasing an additional 20,350 shares during the period. Millennium Management LLC purchased a new position in shares of Mammoth Energy Services in the fourth quarter valued at $2,924,000. Stone Ridge Asset Management LLC purchased a new position in shares of Mammoth Energy Services in the fourth quarter valued at $206,000. Deutsche Bank AG boosted its stake in shares of Mammoth Energy Services by 150.4% in the fourth quarter. Deutsche Bank AG now owns 18,736 shares of the energy company’s stock valued at $366,000 after purchasing an additional 11,253 shares during the period. Finally, Cortina Asset Management LLC boosted its stake in shares of Mammoth Energy Services by 28.0% in the fourth quarter. Cortina Asset Management LLC now owns 343,430 shares of the energy company’s stock valued at $6,742,000 after purchasing an additional 75,127 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

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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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