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

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

Mammoth Energy Services Stock Performance

NASDAQ:TUSK opened at $3.57 on Monday. The company has a current ratio of 2.57, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. Mammoth Energy Services has a 12-month low of $2.50 and a 12-month high of $4.95. The stock has a 50-day moving average price of $4.10 and a 200 day moving average price of $3.70.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter. The firm had revenue of $40.02 million for the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 49.42%. During the same period in the previous year, the firm posted ($0.02) earnings per share.

Institutional Investors Weigh In On Mammoth Energy Services

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Mammoth Energy Services by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock worth $41,000 after purchasing an additional 4,035 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Mammoth Energy Services during the 3rd quarter worth about $42,000. Empowered Funds LLC lifted its holdings in shares of Mammoth Energy Services by 8.0% in the 1st quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock valued at $267,000 after buying an additional 5,425 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Mammoth Energy Services by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after buying an additional 10,796 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Mammoth Energy Services by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after purchasing an additional 17,369 shares in the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

Mammoth Energy Services Company Profile

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.