Mammoth Energy Services (TUSK) Coverage Initiated at Stephens

Analysts at Stephens assumed coverage on shares of Mammoth Energy Services (NASDAQ:TUSK) in a research report issued on Tuesday, The Fly reports. The brokerage set an “overweight” rating on the energy company’s stock.

Several other brokerages have also commented on TUSK. BidaskClub upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. ValuEngine upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group upped their price objective on shares of Mammoth Energy Services from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Jefferies Group assumed coverage on shares of Mammoth Energy Services in a report on Thursday, October 5th. They issued a “hold” rating and a $18.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Mammoth Energy Services currently has a consensus rating of “Buy” and a consensus price target of $24.56.

Mammoth Energy Services (NASDAQ:TUSK) traded up $0.29 during trading hours on Tuesday, reaching $23.19. 190,082 shares of the company were exchanged, compared to its average volume of 89,000. Mammoth Energy Services has a 52 week low of $10.88 and a 52 week high of $24.54. The company has a quick ratio of 1.39, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The company has a market cap of $1,040.00 and a price-to-earnings ratio of -13.80.

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

In related news, CEO Arty Straehla sold 25,842 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total value of $476,784.90. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in shares of Mammoth Energy Services in the 2nd quarter worth about $191,000. Nationwide Fund Advisors grew its position in Mammoth Energy Services by 283.0% during the 2nd quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock valued at $191,000 after purchasing an additional 7,593 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Mammoth Energy Services during the 2nd quarter valued at about $208,000. Swiss National Bank purchased a new stake in Mammoth Energy Services during the 2nd quarter valued at about $233,000. Finally, Teachers Advisors LLC grew its position in Mammoth Energy Services by 13.6% during the 2nd quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock valued at $280,000 after purchasing an additional 1,808 shares during the last quarter. Institutional investors own 73.60% of the company’s stock.

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About Mammoth Energy Services

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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