Mammoth Energy Services (NASDAQ:TUSK) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Mammoth Energy Services Inc. is an integrated oilfield service company. It engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves and energy infrastructure. The Company’s segment include 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, United States. “

Several other equities research analysts also recently weighed in on TUSK. Barclays downgraded shares of Mammoth Energy Services from an overweight rating to an equal weight rating and reduced their price target for the company from $6.50 to $3.50 in a research report on Monday, September 30th. Imperial Capital reissued an outperform rating and set a $10.00 price target (down previously from $18.00) on shares of Mammoth Energy Services in a research report on Monday, August 5th. Capital One Financial downgraded shares of Mammoth Energy Services from an overweight rating to an equal weight rating and set a $5.00 price target for the company. in a research report on Friday, August 2nd. Johnson Rice downgraded shares of Mammoth Energy Services from a buy rating to a hold rating in a research report on Wednesday, September 11th. Finally, Credit Suisse Group reduced their price target on shares of Mammoth Energy Services from $15.00 to $4.00 and set a neutral rating for the company in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Mammoth Energy Services presently has an average rating of Hold and a consensus price target of $6.58.

Shares of TUSK traded up $0.16 on Thursday, hitting $2.24. 189,693 shares of the stock traded hands, compared to its average volume of 508,552. The company has a market capitalization of $92.71 million, a PE ratio of 0.40 and a beta of 1.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.68 and a current ratio of 2.82. The business has a 50 day simple moving average of $3.06 and a 200 day simple moving average of $8.71. Mammoth Energy Services has a one year low of $2.00 and a one year high of $29.40.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.17). The firm had revenue of $181.80 million for the quarter, compared to the consensus estimate of $195.78 million. Mammoth Energy Services had a net margin of 14.03% and a return on equity of 20.78%. Mammoth Energy Services’s revenue was down 65.9% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. On average, equities analysts expect that Mammoth Energy Services will post -0.4 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of TUSK. Marshall Wace North America L.P. boosted its holdings in Mammoth Energy Services by 129.5% in the first quarter. Marshall Wace North America L.P. now owns 6,346 shares of the energy company’s stock worth $106,000 after purchasing an additional 3,581 shares during the last quarter. Jefferies Group LLC purchased a new stake in Mammoth Energy Services in the second quarter worth approximately $143,000. New Jersey Better Educational Savings Trust boosted its holdings in Mammoth Energy Services by 60.0% in the second quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the energy company’s stock worth $165,000 after purchasing an additional 9,000 shares during the last quarter. Swiss National Bank boosted its holdings in Mammoth Energy Services by 57.6% in the second quarter. Swiss National Bank now owns 24,900 shares of the energy company’s stock worth $171,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its holdings in Mammoth Energy Services by 250.0% in the second quarter. Evercore Wealth Management LLC now owns 35,000 shares of the energy company’s stock worth $241,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors own 80.34% of the company’s stock.

About Mammoth Energy Services

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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