Mammoth Energy Services (NASDAQ:TUSK) Upgraded at StockNews.com

StockNews.com upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a sell rating to a hold rating in a report released on Monday.

Mammoth Energy Services Trading Up 6.6 %

Shares of NASDAQ TUSK opened at $3.86 on Monday. The company has a quick ratio of 2.45, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $4.09 and a two-hundred day simple moving average of $3.71. The firm has a market cap of $185.78 million, a PE ratio of -0.94 and a beta of 1.69. Mammoth Energy Services has a twelve month low of $2.50 and a twelve month high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). The company had revenue of $40.02 million during the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. During the same quarter in the previous year, the company earned ($0.02) EPS.

Institutional Investors Weigh In On Mammoth Energy Services

Several institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP raised its holdings in shares of Mammoth Energy Services by 15.2% in the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after buying an additional 178,240 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after acquiring an additional 99,093 shares during the period. Vanguard Group Inc. raised its position in Mammoth Energy Services by 2.5% during the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after acquiring an additional 17,369 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Mammoth Energy Services by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after acquiring an additional 10,796 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Mammoth Energy Services during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 79.67% of the company’s stock.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.