Mammoth Energy Services (TUSK) Upgraded at 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 released on Tuesday 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. “

TUSK has been the subject of several other research reports. Tudor Pickering cut shares of Mammoth Energy Services from a buy rating to a hold rating in a research report on Monday, March 18th. BidaskClub cut shares of Mammoth Energy Services from a hold rating to a sell rating in a research report on Tuesday, March 12th. ValuEngine cut shares of Mammoth Energy Services from a sell rating to a strong sell rating in a research report on Wednesday, March 6th. Barclays reiterated a buy rating and set a $22.00 price target on shares of Mammoth Energy Services in a research report on Wednesday, March 20th. Finally, Capital One Financial reiterated an overweight rating on shares of Mammoth Energy Services in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $24.50.

TUSK opened at $11.74 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 2.48 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $526.86 million, a price-to-earnings ratio of 2.09 and a beta of 1.76. Mammoth Energy Services has a 1-year low of $12.03 and a 1-year high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.07). The company had revenue of $262.14 million during the quarter, compared to analyst estimates of $284.72 million. Mammoth Energy Services had a net margin of 14.32% and a return on equity of 31.76%. The company’s revenue was down 47.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. As a group, equities research analysts forecast that Mammoth Energy Services will post 0.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Thursday, May 9th. Mammoth Energy Services’s dividend payout ratio is 8.88%.

Several large investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Mammoth Energy Services by 102.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,467,133 shares of the energy company’s stock worth $24,428,000 after buying an additional 743,129 shares during the period. Boston Partners grew its holdings in Mammoth Energy Services by 259.1% during the fourth quarter. Boston Partners now owns 900,820 shares of the energy company’s stock valued at $16,197,000 after purchasing an additional 649,972 shares during the period. BlackRock Inc. grew its holdings in Mammoth Energy Services by 5.9% during the first quarter. BlackRock Inc. now owns 841,468 shares of the energy company’s stock valued at $14,010,000 after purchasing an additional 47,089 shares during the period. Vanguard Group Inc grew its holdings in Mammoth Energy Services by 38.6% during the third quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock valued at $24,292,000 after purchasing an additional 232,542 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Mammoth Energy Services by 38.6% during the third quarter. Vanguard Group Inc. now owns 834,739 shares of the energy company’s stock valued at $24,292,000 after purchasing an additional 232,542 shares during the period. Institutional investors own 82.80% 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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