Mammoth Energy Services (NASDAQ:TUSK) Rating Increased to Hold at Wall Street Zen

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

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

Mammoth Energy Services Price Performance

Shares of TUSK stock opened at $1.77 on Friday. Mammoth Energy Services has a one year low of $1.68 and a one year high of $3.52. The company’s fifty day moving average price is $2.04 and its 200-day moving average price is $2.37. The company has a market capitalization of $85.30 million, a price-to-earnings ratio of -4.32 and a beta of 1.30.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. boosted its stake in Mammoth Energy Services by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 4,575,000 shares of the energy company’s stock valued at $12,810,000 after buying an additional 425,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mammoth Energy Services by 6.5% during the 2nd quarter. Geode Capital Management LLC now owns 580,659 shares of the energy company’s stock worth $1,626,000 after acquiring an additional 35,495 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Mammoth Energy Services by 11.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 389,964 shares of the energy company’s stock valued at $893,000 after acquiring an additional 39,510 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Mammoth Energy Services by 726.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 185,761 shares of the energy company’s stock valued at $520,000 after acquiring an additional 163,291 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Mammoth Energy Services by 8.9% in the first quarter. Empowered Funds LLC now owns 159,685 shares of the energy company’s stock valued at $326,000 after purchasing an additional 13,111 shares in the last quarter. Hedge funds and other 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.