Mammoth Energy Services (NASDAQ:TUSK) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

TUSK has been the subject of a number of other research reports. Zacks Investment Research raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Saturday, July 7th. Imperial Capital set a $46.00 target price on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Barclays set a $37.00 target price on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research report on Sunday, May 6th. Credit Suisse Group boosted their target price on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, ValuEngine lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Mammoth Energy Services currently has a consensus rating of “Buy” and an average target price of $41.88.

Mammoth Energy Services stock opened at $32.47 on Thursday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 22.85 and a beta of 0.66. Mammoth Energy Services has a fifty-two week low of $11.09 and a fifty-two week high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Monday, August 6th. The energy company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.17). The firm had revenue of $533.60 million for the quarter, compared to analyst estimates of $531.25 million. Mammoth Energy Services had a return on equity of 34.33% and a net margin of 10.57%. The firm’s revenue was up 442.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. equities analysts expect that Mammoth Energy Services will post 5.23 earnings per share for the current year.

In other news, Director Meh Sub Llc sold 266,026 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $38.01, for a total transaction of $10,111,648.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Large investors have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. bought a new position in shares of Mammoth Energy Services during the 2nd quarter worth about $122,000. SG Americas Securities LLC bought a new position in shares of Mammoth Energy Services during the 2nd quarter worth about $141,000. Meeder Asset Management Inc. increased its holdings in shares of Mammoth Energy Services by 285.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after purchasing an additional 3,101 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of Mammoth Energy Services during the 2nd quarter worth about $158,000. Finally, Barclays PLC increased its holdings in shares of Mammoth Energy Services by 343.7% during the 1st quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after purchasing an additional 4,385 shares during the period. Institutional investors own 75.26% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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