Mammooth Energy (TUSK) Earning Somewhat Positive Media Coverage, Study Shows
Press coverage about Mammooth Energy (NASDAQ:TUSK) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mammooth Energy earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 45.4662545499373 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Mammooth Energy (NASDAQ TUSK) opened at 16.86 on Friday. Mammooth Energy has a 52-week low of $11.91 and a 52-week high of $24.54. The stock’s 50 day moving average price is $14.75 and its 200-day moving average price is $14.75. The company has a market capitalization of $750.30 million and a P/E ratio of 181.29.
Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The company had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. Mammooth Energy’s revenue for the quarter was up 42.1% on a year-over-year basis. On average, equities analysts expect that Mammooth Energy will post ($0.07) earnings per share for the current year.
A number of research analysts have commented on the company. Imperial Capital assumed coverage on Mammooth Energy in a report on Friday, August 18th. They issued an “outperform” rating and a $16.00 price objective on the stock. Zacks Investment Research raised Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $18.00 price objective (down from $25.00) on shares of Mammooth Energy in a report on Tuesday, August 8th. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $19.00 price objective (down from $22.00) on shares of Mammooth Energy in a report on Wednesday, July 12th. Finally, Barclays PLC downgraded Mammooth Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $26.00 to $17.00 in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $22.55.
In related news, Director James D. Palm purchased 6,000 shares of Mammooth Energy stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $12.75 per share, for a total transaction of $76,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by insiders.
About Mammooth Energy
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
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