Mammoth Energy Services (NASDAQ:TUSK) Trading 15.6% Higher

Mammoth Energy Services Inc (NASDAQ:TUSK) traded up 15.6% during trading on Wednesday . The company traded as high as $1.73 and last traded at $1.70, 259,204 shares changed hands during mid-day trading. A decline of 27% from the average session volume of 355,922 shares. The stock had previously closed at $1.47.

A number of equities research analysts recently commented on the company. Barclays downgraded Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $6.50 to $3.50 in a report on Monday, September 30th. Zacks Investment Research downgraded Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Credit Suisse Group dropped their price objective on Mammoth Energy Services from $15.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $3.00 price objective (down previously from $7.25) on shares of Mammoth Energy Services in a report on Tuesday, November 19th. Finally, Johnson Rice downgraded Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.00.

The firm has a fifty day simple moving average of $1.69 and a 200-day simple moving average of $4.72. The company has a market capitalization of $70.68 million, a P/E ratio of 0.30 and a beta of 1.60. The company has a quick ratio of 3.10, a current ratio of 3.24 and a debt-to-equity ratio of 0.15.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.40). Mammoth Energy Services had a return on equity of 7.65% and a net margin of 5.98%. The business had revenue of $113.40 million during the quarter, compared to the consensus estimate of $153.52 million. During the same quarter last year, the company earned $1.54 earnings per share. The firm’s revenue was down 70.5% compared to the same quarter last year. On average, sell-side analysts predict that Mammoth Energy Services Inc will post -0.81 earnings per share for the current fiscal year.

In other Mammoth Energy Services news, Director Wexford Capital Lp purchased 35,904 shares of the stock in a transaction on Wednesday, November 13th. The stock was bought at an average cost of $1.36 per share, for a total transaction of $48,829.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in shares of Mammoth Energy Services in the third quarter worth about $59,000. Voloridge Investment Management LLC acquired a new position in shares of Mammoth Energy Services during the third quarter worth about $134,000. Zebra Capital Management LLC boosted its position in shares of Mammoth Energy Services by 60.5% during the third quarter. Zebra Capital Management LLC now owns 90,635 shares of the energy company’s stock worth $225,000 after buying an additional 34,158 shares during the period. State Street Corp boosted its position in shares of Mammoth Energy Services by 31.1% during the third quarter. State Street Corp now owns 320,701 shares of the energy company’s stock worth $795,000 after buying an additional 76,092 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Mammoth Energy Services during the third quarter worth about $34,000. Institutional investors own 77.85% of the company’s stock.

About Mammoth Energy Services (NASDAQ:TUSK)

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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