StockNews.com Upgrades Mammoth Energy Services (NASDAQ:TUSK) to Buy

Mammoth Energy Services (NASDAQ:TUSK) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Mammoth Energy Services Trading Up 5.1 %

TUSK stock opened at $2.49 on Thursday. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The company has a market cap of $119.84 million, a price-to-earnings ratio of -0.60 and a beta of 1.48. The business has a fifty day simple moving average of $2.29 and a 200-day simple moving average of $2.87. Mammoth Energy Services has a 52 week low of $1.68 and a 52 week high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Wednesday, May 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. The firm had revenue of $62.47 million for the quarter.

Hedge Funds Weigh In On Mammoth Energy Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its stake in shares of Mammoth Energy Services by 2.1% in the fourth quarter. Northern Trust Corp now owns 206,039 shares of the energy company’s stock valued at $618,000 after buying an additional 4,175 shares in the last quarter. Barclays PLC boosted its holdings in Mammoth Energy Services by 7.8% in the 4th quarter. Barclays PLC now owns 61,549 shares of the energy company’s stock worth $185,000 after acquiring an additional 4,468 shares during the period. Charles Schwab Investment Management Inc. grew its position in Mammoth Energy Services by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 70,674 shares of the energy company’s stock valued at $212,000 after acquiring an additional 7,064 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Mammoth Energy Services by 45.8% during the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock valued at $69,000 after purchasing an additional 7,192 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Mammoth Energy Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 537,376 shares of the energy company’s stock valued at $1,612,000 after purchasing an additional 8,526 shares during the period. Institutional investors and hedge funds own 79.67% of the company’s stock.

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.