ValuEngine Downgrades Mammoth Energy Services (TUSK) to Sell

ValuEngine cut shares of Mammoth Energy Services (NASDAQ:TUSK) from a hold rating to a sell rating in a research report report published on Thursday.

A number of other research firms have also weighed in on TUSK. Credit Suisse Group lifted their price objective on Mammoth Energy Services from $36.00 to $38.00 and gave the company an outperform rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered Mammoth Energy Services from a buy rating to a hold rating in a research note on Saturday, August 11th. BidaskClub upgraded Mammoth Energy Services from a buy rating to a strong-buy rating in a research note on Friday, August 3rd. Barclays lifted their price objective on Mammoth Energy Services from $42.00 to $49.00 and gave the company a buy rating in a research note on Friday, July 6th. Finally, Raymond James lowered Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 price objective for the company. in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $38.44.

Shares of TUSK stock opened at $26.96 on Thursday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 4.76 and a beta of 0.97. Mammoth Energy Services has a 1 year low of $16.88 and a 1 year high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.48. The company had revenue of $384.00 million during the quarter, compared to analyst estimates of $473.89 million. Mammoth Energy Services had a return on equity of 44.86% and a net margin of 13.12%. The firm’s quarterly revenue was up 157.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. As a group, analysts forecast that Mammoth Energy Services will post 4.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.85%. Mammoth Energy Services’s payout ratio is currently 35.21%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TUSK. Northern Trust Corp raised its stake in shares of Mammoth Energy Services by 4.9% during the 1st quarter. Northern Trust Corp now owns 101,736 shares of the energy company’s stock valued at $3,262,000 after buying an additional 4,741 shares during the last quarter. BlackRock Inc. grew its position in shares of Mammoth Energy Services by 11.1% during the 1st quarter. BlackRock Inc. now owns 498,090 shares of the energy company’s stock valued at $15,969,000 after acquiring an additional 49,696 shares during the period. JPMorgan Chase & Co. grew its position in shares of Mammoth Energy Services by 139.3% during the 1st quarter. JPMorgan Chase & Co. now owns 74,576 shares of the energy company’s stock valued at $2,391,000 after acquiring an additional 43,411 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Mammoth Energy Services during the 1st quarter valued at about $2,226,000. Finally, UBS Group AG grew its position in shares of Mammoth Energy Services by 3,702.5% during the 1st quarter. UBS Group AG now owns 15,400 shares of the energy company’s stock valued at $494,000 after acquiring an additional 14,995 shares during the period. Institutional investors and hedge funds own 81.35% of the company’s stock.

Mammoth Energy Services Company Profile

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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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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