Mammoth Energy Services (NASDAQ:TUSK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) to a hold rating in a research report report published on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mammoth Energy Services in a report on Monday, December 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mammoth Energy Services has an average rating of “Sell”.

Mammoth Energy Services Stock Down 2.3%

TUSK stock opened at $1.73 on Friday. The company has a 50 day moving average of $2.02 and a two-hundred day moving average of $2.36. The company has a market cap of $83.37 million, a price-to-earnings ratio of -4.22 and a beta of 1.30. Mammoth Energy Services has a 12-month low of $1.68 and a 12-month high of $3.52.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Friday, October 31st. The energy company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $14.80 million for the quarter, compared to analyst estimates of $42.70 million. Mammoth Energy Services had a negative net margin of 13.47% and a negative return on equity of 25.09%.

Hedge Funds Weigh In On Mammoth Energy Services

Several large investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Mammoth Energy Services in the second quarter valued at approximately $27,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Mammoth Energy Services in the second quarter worth $34,000. Virtu Financial LLC bought a new stake in Mammoth Energy Services during the 3rd quarter valued at $32,000. Franklin Resources Inc. purchased a new position in Mammoth Energy Services during the third quarter valued at approximately $36,000. Finally, Jane Street Group LLC raised its holdings in shares of Mammoth Energy Services by 48.3% in the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock valued at $48,000 after acquiring an additional 5,621 shares in the last quarter. Institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

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.