Mammoth Energy Services’ (TUSK) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of Mammoth Energy Services (NASDAQ:TUSK) in a research note published on Wednesday morning,Weiss Ratings reports.

Mammoth Energy Services Price Performance

NASDAQ TUSK opened at $2.17 on Wednesday. The company has a market cap of $104.57 million, a P/E ratio of -3.34 and a beta of 1.43. The stock has a 50-day moving average of $2.34 and a two-hundred day moving average of $2.48. Mammoth Energy Services has a 1-year low of $1.68 and a 1-year high of $4.80.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Friday, August 8th. The energy company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.68). The firm had revenue of $16.41 million during the quarter, compared to analyst estimates of $43.70 million. Mammoth Energy Services had a negative net margin of 18.13% and a negative return on equity of 29.24%.

Hedge Funds Weigh In On Mammoth Energy Services

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Mammoth Energy Services by 24.7% during the first quarter. Wellington Management Group LLP now owns 61,799 shares of the energy company’s stock worth $126,000 after buying an additional 12,238 shares in the last quarter. Nuveen LLC acquired a new position in shares of Mammoth Energy Services during the first quarter worth about $75,000. NBC Securities Inc. grew its position in shares of Mammoth Energy Services by 101,578.6% during the first quarter. NBC Securities Inc. now owns 56,940 shares of the energy company’s stock worth $116,000 after buying an additional 56,884 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Mammoth Energy Services by 1.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 4,150,000 shares of the energy company’s stock worth $8,466,000 after buying an additional 50,000 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in shares of Mammoth Energy Services by 4.4% during the second quarter. Bridgeway Capital Management LLC now owns 350,454 shares of the energy company’s stock worth $981,000 after buying an additional 14,769 shares in the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.