TheStreet downgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a c- rating to a d+ rating in a report published on Tuesday, TheStreetRatingsTable reports.
A number of other brokerages also recently weighed in on TUSK. ValuEngine downgraded shares of Mammoth Energy Services from a hold rating to a sell rating in a report on Monday, February 25th. Zacks Investment Research raised shares of Mammoth Energy Services from a sell rating to a hold rating in a research note on Thursday, February 28th. BidaskClub lowered shares of Mammoth Energy Services from a hold rating to a sell rating in a research note on Tuesday, March 12th. Capital One Financial reaffirmed an overweight rating on shares of Mammoth Energy Services in a research note on Friday, March 15th. Finally, Credit Suisse Group lowered shares of Mammoth Energy Services from an outperform rating to a neutral rating and reduced their price objective for the company from $33.00 to $17.00 in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $18.14.
Shares of NASDAQ TUSK opened at $5.94 on Tuesday. Mammoth Energy Services has a twelve month low of $5.55 and a twelve month high of $42.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.48 and a quick ratio of 2.39. The stock has a market capitalization of $278.68 million, a price-to-earnings ratio of 1.06 and a beta of 2.15.
Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.07). Mammoth Energy Services had a net margin of 14.32% and a return on equity of 31.76%. The business had revenue of $262.14 million during the quarter, compared to analyst estimates of $284.72 million. During the same period in the previous year, the company posted $1.24 earnings per share. Mammoth Energy Services’s revenue was down 47.0% compared to the same quarter last year. On average, equities research analysts forecast that Mammoth Energy Services will post 0.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend was Thursday, May 9th. Mammoth Energy Services’s dividend payout ratio is presently 8.88%.
Hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its stake in Mammoth Energy Services by 90.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,524 shares of the energy company’s stock valued at $26,000 after buying an additional 724 shares in the last quarter. Caption Management LLC purchased a new stake in Mammoth Energy Services during the first quarter valued at about $48,000. BNP Paribas Arbitrage SA lifted its stake in Mammoth Energy Services by 148.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,215 shares of the energy company’s stock valued at $70,000 after buying an additional 2,520 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Mammoth Energy Services in the 4th quarter valued at about $73,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Mammoth Energy Services by 356.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,547 shares of the energy company’s stock valued at $82,000 after purchasing an additional 3,551 shares during the period. 82.59% of the stock is owned by institutional investors.
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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