Mammoth Energy Services (NASDAQ:TUSK) Stock Rating Upgraded by StockNews.com

Mammoth Energy Services (NASDAQ:TUSK) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Mammoth Energy Services Stock Up 1.4 %

Shares of TUSK opened at $3.62 on Monday. The company has a quick ratio of 2.45, a current ratio of 2.57 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $4.09 and a two-hundred day moving average price of $3.71. The stock has a market cap of $174.22 million, a price-to-earnings ratio of -0.88 and a beta of 1.69. Mammoth Energy Services has a 12 month low of $2.50 and a 12 month high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). The company had revenue of $40.02 million during the quarter. Mammoth Energy Services had a negative return on equity of 49.42% and a negative net margin of 105.49%. During the same period in the previous year, the firm posted ($0.02) earnings per share.

Institutional Investors Weigh In On Mammoth Energy Services

Several institutional investors and hedge funds have recently made changes to their positions in TUSK. BNP Paribas Financial Markets increased its holdings in shares of Mammoth Energy Services by 55.8% during the first quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock worth $41,000 after buying an additional 4,035 shares in the last quarter. Empowered Funds LLC grew its position in Mammoth Energy Services by 8.0% during the 1st quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock worth $267,000 after acquiring an additional 5,425 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Mammoth Energy Services during the 3rd quarter valued at $42,000. Bank of New York Mellon Corp raised its position in Mammoth Energy Services by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after purchasing an additional 10,796 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Mammoth Energy Services by 2.5% in the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock worth $2,635,000 after purchasing an additional 17,369 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.