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Mammoth Energy Services (NASDAQ:TUSK) Shares Up 4% - Should You Buy?

Mammoth Energy Services logo with Energy background

Key Points

  • Mammoth Energy Services' shares increased by 4% to $2.33, with a total trading volume slightly below the average at 97,577 shares.
  • The company received a significant rating upgrade from Wall Street Zen, moving from a "hold" to a "buy" rating as of May 8th.
  • Mammoth reported a loss of $0.74 earnings per share for its last quarter, falling short of estimates by $0.68, while its revenue was only $16.41 million, compared to the expected $43.70 million.
  • Five stocks we like better than Mammoth Energy Services.

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) rose 4% during trading on Monday . The company traded as high as $2.38 and last traded at $2.33. Approximately 97,577 shares traded hands during trading, a decline of 1% from the average daily volume of 98,433 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Mammoth Energy Services from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

Get Our Latest Stock Report on TUSK

Mammoth Energy Services Stock Performance

The stock has a 50 day moving average of $2.62 and a two-hundred day moving average of $2.51. The firm has a market capitalization of $114.69 million, a P/E ratio of -3.66 and a beta of 1.30.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The energy company reported ($0.74) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.68). Mammoth Energy Services had a negative net margin of 18.13% and a negative return on equity of 29.24%. The company had revenue of $16.41 million during the quarter, compared to the consensus estimate of $43.70 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey bought a new position in Mammoth Energy Services in the 2nd quarter worth approximately $27,000. Invesco Ltd. bought a new position in Mammoth Energy Services in the 4th quarter worth approximately $30,000. Wealth Enhancement Advisory Services LLC bought a new position in Mammoth Energy Services in the 2nd quarter worth approximately $34,000. Occudo Quantitative Strategies LP bought a new position in Mammoth Energy Services in the 4th quarter worth approximately $41,000. Finally, Marshall Wace LLP bought a new position in Mammoth Energy Services in the 4th quarter worth approximately $42,000. 79.67% of the stock is owned by institutional investors.

Mammoth Energy Services Company Profile

(Get Free Report)

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.

See Also

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