Mammoth Energy Services (NASDAQ:TUSK) Downgraded by Wall Street Zen to Sell

Mammoth Energy Services (NASDAQ:TUSK) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mammoth Energy Services in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mammoth Energy Services has an average rating of “Sell”.

Mammoth Energy Services Stock Performance

TUSK stock opened at $2.16 on Friday. The company’s 50 day moving average is $2.27 and its 200 day moving average is $2.16. The stock has a market cap of $104.46 million, a price-to-earnings ratio of 24.00 and a beta of 0.95. Mammoth Energy Services has a 1-year low of $1.68 and a 1-year high of $3.12.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Friday, March 6th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.18). Mammoth Energy Services had a net margin of 4.46% and a negative return on equity of 23.73%. The company had revenue of $9.46 million for the quarter, compared to the consensus estimate of $39.30 million.

Institutional Trading of Mammoth Energy Services

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in Mammoth Energy Services by 72.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 89,944 shares of the energy company’s stock valued at $166,000 after acquiring an additional 37,863 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Mammoth Energy Services in the 2nd quarter worth approximately $161,000. Landscape Capital Management L.L.C. bought a new stake in shares of Mammoth Energy Services in the 4th quarter worth approximately $134,000. Franklin Resources Inc. boosted its stake in shares of Mammoth Energy Services by 356.5% in the 4th quarter. Franklin Resources Inc. now owns 72,088 shares of the energy company’s stock valued at $133,000 after purchasing an additional 56,297 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Mammoth Energy Services in the 4th quarter valued at $122,000. Institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc, headquartered in Houston, Texas, is a diversified energy services company that primarily provides hydraulic fracturing and complementary well completion and production services to oil and natural gas exploration and production companies across North America. Its core offerings include fracturing, coiled tubing, cementing, wireline, nitrogen pumping, and pressure pumping equipment, supported by proprietary fluid blends and digital monitoring systems. In addition to conventional oilfield services, the company operates a dedicated solar division—Mammoth Solar—that delivers engineering, procurement and construction (EPC) services for utility-scale and commercial solar projects.

Mammoth’s fracturing operations are focused on major shale plays such as the Permian Basin, Eagle Ford, Bakken, Williston Basin, and Rockies regions.