Mammoth Energy Services (TUSK) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a sell rating to a hold rating in a research note released on Saturday, Zacks.com reports.

According to Zacks, “Mammoth Energy Services Inc. is an integrated oilfield service company. It engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves and energy infrastructure. The Company’s segment include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services and Remote Accommodation Services. Mammoth Energy Services Inc. is based in Oklahoma, United States. “

Several other research analysts also recently commented on TUSK. BidaskClub downgraded shares of Mammoth Energy Services from a hold rating to a sell rating in a research report on Tuesday, March 12th. Credit Suisse Group downgraded shares of Mammoth Energy Services from an outperform rating to a neutral rating and lowered their price objective for the company from $33.00 to $17.00 in a research report on Tuesday, March 19th. Barclays restated a buy rating and set a $22.00 price objective on shares of Mammoth Energy Services in a research report on Wednesday, March 20th. ValuEngine downgraded shares of Mammoth Energy Services from a hold rating to a sell rating in a research report on Monday, February 25th. Finally, Imperial Capital restated an outperform rating and set a $18.00 price objective (down from $22.00) on shares of Mammoth Energy Services in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Mammoth Energy Services currently has an average rating of Hold and a consensus target price of $24.50.

Shares of TUSK stock opened at $14.28 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.48 and a quick ratio of 1.83. The company has a market capitalization of $656.10 million, a P/E ratio of 2.54 and a beta of 1.76. Mammoth Energy Services has a 1 year low of $13.25 and a 1 year high of $42.30.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.07). The company had revenue of $262.14 million during the quarter, compared to the consensus estimate of $284.72 million. Mammoth Energy Services had a net margin of 14.32% and a return on equity of 31.76%. The company’s quarterly revenue was down 47.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. As a group, analysts predict that Mammoth Energy Services will post 0.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.50 annualized dividend and a yield of 3.50%. Mammoth Energy Services’s dividend payout ratio is currently 8.88%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bowling Portfolio Management LLC raised its position in Mammoth Energy Services by 9.7% during the fourth quarter. Bowling Portfolio Management LLC now owns 54,790 shares of the energy company’s stock valued at $985,000 after purchasing an additional 4,853 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Mammoth Energy Services during the third quarter worth $286,000. Vanguard Group Inc increased its holdings in shares of Mammoth Energy Services by 38.6% during the third quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock worth $24,292,000 after buying an additional 232,542 shares in the last quarter. Boston Partners increased its holdings in shares of Mammoth Energy Services by 259.1% during the fourth quarter. Boston Partners now owns 900,820 shares of the energy company’s stock worth $16,197,000 after buying an additional 649,972 shares in the last quarter. Finally, Emerald Advisers LLC increased its holdings in shares of Mammoth Energy Services by 33.6% during the fourth quarter. Emerald Advisers LLC now owns 11,119 shares of the energy company’s stock worth $200,000 after buying an additional 2,796 shares in the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.

Mammoth Energy Services Company Profile

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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