Somewhat Positive News Coverage Somewhat Unlikely to Affect Mammooth Energy (TUSK) Stock Price

News headlines about Mammooth Energy (NASDAQ:TUSK) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mammooth Energy earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 46.1650218641141 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of analysts have recently weighed in on TUSK shares. Zacks Investment Research downgraded Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Credit Suisse Group upped their target price on Mammooth Energy from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. ValuEngine upgraded Mammooth Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Imperial Capital upped their target price on Mammooth Energy from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, BidaskClub downgraded Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $24.56.

Shares of Mammooth Energy (TUSK) opened at $19.80 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Mammooth Energy has a 1 year low of $10.88 and a 1 year high of $24.54. The firm has a market capitalization of $852.22, a price-to-earnings ratio of -11.31 and a beta of 5.44.

Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Mammooth Energy had a negative return on equity of 2.35% and a negative net margin of 16.41%. The business had revenue of $149.30 million for the quarter, compared to the consensus estimate of $129.58 million. The business’s quarterly revenue was up 135.9% on a year-over-year basis. analysts predict that Mammooth Energy will post 0.14 earnings per share for the current year.

In related news, CEO Arty Straehla sold 25,842 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total transaction of $476,784.90. Following the completion of the sale, the chief executive officer now directly owns 231,711 shares in the company, valued at approximately $4,275,067.95. The sale was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

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About Mammooth Energy

Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.

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