Mammoth Energy Services Inc (NASDAQ:TUSK) shares rose 12.3% on Tuesday . The company traded as high as $1.56 and last traded at $1.55. Approximately 125,600 shares changed hands during trading, a decline of 54% from the average daily volume of 272,600 shares. The stock had previously closed at $1.38.
Separately, Zacks Investment Research lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, June 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $2.69.
The company has a current ratio of 3.75, a quick ratio of 3.64 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average is $1.41 and its 200-day moving average is $1.18. The company has a market cap of $63.15 million, a price-to-earnings ratio of -0.36 and a beta of 2.01.
Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Thursday, July 30th. The energy company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.09. Mammoth Energy Services had a negative net margin of 57.79% and a negative return on equity of 13.39%. The company had revenue of $60.11 million for the quarter.
Several institutional investors have recently added to or reduced their stakes in TUSK. Valueworks LLC raised its stake in Mammoth Energy Services by 42.9% in the first quarter. Valueworks LLC now owns 3,144,883 shares of the energy company’s stock valued at $2,355,000 after purchasing an additional 944,182 shares in the last quarter. EAM Investors LLC purchased a new stake in Mammoth Energy Services in the second quarter valued at approximately $348,000. Invesco Ltd. raised its stake in Mammoth Energy Services by 1,089.3% in the first quarter. Invesco Ltd. now owns 263,281 shares of the energy company’s stock valued at $198,000 after purchasing an additional 241,144 shares in the last quarter. WINTON GROUP Ltd raised its stake in Mammoth Energy Services by 191.9% in the second quarter. WINTON GROUP Ltd now owns 292,065 shares of the energy company’s stock valued at $345,000 after purchasing an additional 192,021 shares in the last quarter. Finally, Bridgeway Capital Management Inc. raised its stake in Mammoth Energy Services by 34.2% in the second quarter. Bridgeway Capital Management Inc. now owns 471,500 shares of the energy company’s stock valued at $556,000 after purchasing an additional 120,100 shares in the last quarter. Institutional investors own 64.68% of the company’s stock.
Mammoth Energy Services Company Profile (NASDAQ:TUSK)
Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.
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