Mammoth Energy Services (TUSK) Downgraded by BidaskClub

BidaskClub cut shares of Mammoth Energy Services (NASDAQ:TUSK) from a sell rating to a strong sell rating in a report published on Tuesday, BidAskClub reports.

TUSK has been the subject of a number of other research reports. ValuEngine lowered Mammoth Energy Services from a sell rating to a strong sell rating in a research report on Wednesday, March 6th. Capital One Financial reaffirmed an overweight rating on shares of Mammoth Energy Services in a research report on Friday, March 15th. Tudor Pickering lowered Mammoth Energy Services from a buy rating to a hold rating in a research report on Monday, March 18th. Imperial Capital reaffirmed an outperform rating and set a $30.00 price target (down previously from $40.00) on shares of Mammoth Energy Services in a research report on Wednesday, January 9th. Finally, Credit Suisse Group lowered Mammoth Energy Services from an outperform rating to a neutral rating and lowered their price target for the company from $33.00 to $17.00 in a research report on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Mammoth Energy Services presently has an average rating of Hold and a consensus target price of $25.00.

TUSK opened at $14.66 on Tuesday. The company has a market cap of $657.90 million, a price-to-earnings ratio of 2.60 and a beta of 1.77. Mammoth Energy Services has a one year low of $13.25 and a one year high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). The business had revenue of $262.14 million for the quarter, compared to the consensus estimate of $284.72 million. Mammoth Energy Services had a net margin of 13.96% and a return on equity of 38.47%. The company’s revenue for the quarter was down 47.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. On average, equities research analysts forecast that Mammoth Energy Services will post 0.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.41%. Mammoth Energy Services’s dividend payout ratio (DPR) is 8.88%.

Hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new position in shares of Mammoth Energy Services during the 3rd quarter worth approximately $286,000. Bowling Portfolio Management LLC grew its holdings in shares of Mammoth Energy Services by 9.7% during the 4th quarter. Bowling Portfolio Management LLC now owns 54,790 shares of the energy company’s stock worth $985,000 after acquiring an additional 4,853 shares during the period. Man Group plc purchased a new position in shares of Mammoth Energy Services during the 3rd quarter worth approximately $4,331,000. Vanguard Group Inc grew its holdings in shares of Mammoth Energy Services by 38.6% during the 3rd quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock worth $24,292,000 after acquiring an additional 232,542 shares during the period. Finally, Kepos Capital LP grew its holdings in shares of Mammoth Energy Services by 175.1% during the 3rd quarter. Kepos Capital LP now owns 48,839 shares of the energy company’s stock worth $1,421,000 after acquiring an additional 31,089 shares during the period. Hedge funds and other institutional investors own 80.89% of the company’s stock.

About Mammoth Energy Services

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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