MAMMOOTH ENERGY (TUSK) Rating Increased to Hold at ValuEngine
MAMMOOTH ENERGY (NASDAQ:TUSK) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised MAMMOOTH ENERGY from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Imperial Capital assumed coverage on shares of MAMMOOTH ENERGY in a report on Friday, August 18th. They issued an “outperform” rating and a $16.00 price objective for the company. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 price objective (down from $22.00) on shares of MAMMOOTH ENERGY in a report on Wednesday, July 12th. Barclays PLC lowered shares of MAMMOOTH ENERGY from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $26.00 to $17.00 in a report on Wednesday, July 12th. Finally, Jefferies Group LLC assumed coverage on shares of MAMMOOTH ENERGY 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 eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.75.
MAMMOOTH ENERGY (NASDAQ:TUSK) last issued its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). MAMMOOTH ENERGY had a negative return on equity of 3.04% and a negative net margin of 21.65%. The company had revenue of $149.30 million during the quarter, compared to the consensus estimate of $129.58 million. MAMMOOTH ENERGY’s quarterly revenue was up 135.9% on a year-over-year basis.
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In other news, Director James D. Palm acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $12.75 per share, for a total transaction of $76,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TUSK. Wells Fargo & Company MN raised its stake in MAMMOOTH ENERGY by 4.1% during the 1st quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock valued at $852,000 after buying an additional 1,566 shares during the last quarter. Bank of New York Mellon Corp raised its stake in MAMMOOTH ENERGY by 85.5% during the 1st quarter. Bank of New York Mellon Corp now owns 28,437 shares of the energy company’s stock valued at $611,000 after buying an additional 13,104 shares during the last quarter. American International Group Inc. purchased a new stake in MAMMOOTH ENERGY during the 1st quarter valued at $103,000. TIAA CREF Investment Management LLC raised its stake in MAMMOOTH ENERGY by 40.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 18,897 shares of the energy company’s stock valued at $406,000 after buying an additional 5,448 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in MAMMOOTH ENERGY during the 1st quarter valued at $168,000. Institutional investors and hedge funds own 73.42% of the company’s stock.
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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