BidaskClub downgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a buy rating to a hold rating in a report released on Saturday.

Several other brokerages have also recently issued reports on TUSK. Credit Suisse Group boosted their price objective on shares of Mammoth Energy Services from $26.00 to $27.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. ValuEngine raised shares of Mammoth Energy Services from a sell rating to a hold rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Mammoth Energy Services from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Thursday, October 26th. Stephens started coverage on shares of Mammoth Energy Services in a research note on Tuesday, January 9th. They issued an overweight rating and a $27.00 price objective on the stock. Finally, Imperial Capital boosted their price objective on shares of Mammoth Energy Services from $20.00 to $24.00 and gave the company an outperform rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $25.90.

Mammoth Energy Services (TUSK) opened at $20.15 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 1.39. The stock has a market cap of $882.03, a price-to-earnings ratio of -11.33 and a beta of 4.46. Mammoth Energy Services has a 12 month low of $10.88 and a 12 month high of $25.00.

In other news, CEO Arty Straehla sold 25,842 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total transaction of $476,784.90. Following the transaction, the chief executive officer now directly owns 231,711 shares of the company’s stock, valued at approximately $4,275,067.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have bought 40,000 shares of company stock worth $5,800. Corporate insiders own 0.03% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Mammoth Energy Services by 34.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock worth $53,568,000 after purchasing an additional 813,284 shares during the period. American Century Companies Inc. grew its stake in shares of Mammoth Energy Services by 19.1% during the 3rd quarter. American Century Companies Inc. now owns 747,023 shares of the energy company’s stock worth $12,595,000 after purchasing an additional 119,942 shares during the period. Vanguard Group Inc. grew its stake in shares of Mammoth Energy Services by 15.4% during the 2nd quarter. Vanguard Group Inc. now owns 418,865 shares of the energy company’s stock worth $7,791,000 after purchasing an additional 55,973 shares during the period. Cortina Asset Management LLC grew its stake in shares of Mammoth Energy Services by 28.0% during the 4th quarter. Cortina Asset Management LLC now owns 343,430 shares of the energy company’s stock worth $6,742,000 after purchasing an additional 75,127 shares during the period. Finally, Thomson Horstmann & Bryant Inc. grew its stake in shares of Mammoth Energy Services by 14.6% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 256,497 shares of the energy company’s stock worth $5,035,000 after purchasing an additional 32,702 shares during the period. 72.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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