Mammoth Energy Services (NASDAQ:TUSK) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Mammoth Energy Services (NASDAQ:TUSK – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a buy rating on the energy company’s stock.

Mammoth Energy Services Trading Down 9.1 %

TUSK opened at $4.38 on Thursday. Mammoth Energy Services has a fifty-two week low of $1.62 and a fifty-two week high of $8.79. The firm’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $5.68.

Mammoth Energy Services (NASDAQ:TUSK – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The energy company reported $0.10 earnings per share for the quarter. Mammoth Energy Services had a negative net margin of 0.17% and a negative return on equity of 0.14%. The firm had revenue of $102.91 million for the quarter.

Institutional Investors Weigh In On Mammoth Energy Services

A number of institutional investors have recently bought and sold shares of TUSK. Monarch Partners Asset Management LLC acquired a new stake in Mammoth Energy Services during the fourth quarter worth $1,695,000. Wexford Capital LP boosted its stake in shares of Mammoth Energy Services by 0.9% in the 2nd quarter. Wexford Capital LP now owns 22,434,125 shares of the energy company’s stock valued at $508,000,000 after purchasing an additional 193,952 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Mammoth Energy Services in the 1st quarter valued at $362,000. Renaissance Technologies LLC boosted its stake in shares of Mammoth Energy Services by 106.3% in the 1st quarter. Renaissance Technologies LLC now owns 240,272 shares of the energy company’s stock valued at $512,000 after purchasing an additional 123,800 shares in the last quarter. Finally, Kanen Wealth Management LLC boosted its stake in shares of Mammoth Energy Services by 8.6% in the 4th quarter. Kanen Wealth Management LLC now owns 1,114,576 shares of the energy company’s stock valued at $9,641,000 after purchasing an additional 88,404 shares in the last quarter. Institutional investors and hedge funds own 78.13% of the company’s stock.

Mammoth Energy Services Company Profile

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Mammoth Energy Services, Inc engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following segments: Infrastructure, Pressure Pumping, Natural Sand Proppant, Drilling, and Other. The Infrastructure segment offers construction, upgrade, maintenance and, repair services to the electrical infrastructure industry.