Mammoth Energy Services Inc (NASDAQ:TUSK) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,800,000 shares, an increase of 26.8% from the May 30th total of 1,419,200 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average trading volume of 409,200 shares, the short-interest ratio is currently 4.4 days.
TUSK stock traded up $0.21 during trading on Friday, reaching $7.79. The stock had a trading volume of 231,459 shares, compared to its average volume of 401,918. Mammoth Energy Services has a one year low of $5.55 and a one year high of $40.75. 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 50 day moving average price of $7.83. The stock has a market cap of $349.59 million, a P/E ratio of 1.38 and a beta of 1.48.
Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.07). Mammoth Energy Services had a return on equity of 31.76% and a net margin of 14.32%. The firm had revenue of $262.14 million during the quarter, compared to the consensus estimate of $284.72 million. During the same period in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was down 47.0% on a year-over-year basis. Equities research analysts anticipate that Mammoth Energy Services will post 0.39 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can boosted its stake in Mammoth Energy Services by 90.5% in 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 acquiring an additional 724 shares during the last quarter. Alps Advisors Inc. boosted its stake in Mammoth Energy Services by 15.2% in the first quarter. Alps Advisors Inc. now owns 18,821 shares of the energy company’s stock valued at $313,000 after acquiring an additional 2,489 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Mammoth Energy Services by 148.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,215 shares of the energy company’s stock valued at $70,000 after acquiring an additional 2,520 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Mammoth Energy Services by 356.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,547 shares of the energy company’s stock valued at $82,000 after acquiring an additional 3,551 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in Mammoth Energy Services by 129.5% in the first quarter. Marshall Wace North America L.P. now owns 6,346 shares of the energy company’s stock valued at $106,000 after acquiring an additional 3,581 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.
TUSK has been the subject of several recent research reports. Imperial Capital reissued an “in-line” rating and set a $29.00 target price (down from $33.00) on shares of Whiting Petroleum in a research report on Friday, May 3rd. BidaskClub downgraded shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Credit Suisse Group set a GBX 190 ($2.48) price objective on shares of Barclays and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Stephens downgraded shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $25.00 to $7.00 in a research report on Friday, June 7th. Finally, TheStreet downgraded shares of Twin Disc from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, five 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 an average target price of $14.83.
About Mammoth Energy Services
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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