Mammoth Energy Services (NASDAQ:TUSK) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a sell rating to a hold rating in a research note published on Saturday.

Mammoth Energy Services Trading Down 2.1%

Shares of TUSK stock opened at $3.20 on Friday. Mammoth Energy Services has a 12 month low of $1.72 and a 12 month high of $3.48. The stock has a market cap of $154.14 million, a P/E ratio of 15.24 and a beta of 1.08. The company has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $2.23.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Friday, March 6th. The energy company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.18). Mammoth Energy Services had a net margin of 16.46% and a negative return on equity of 21.46%. The business had revenue of $9.46 million for the quarter, compared to analysts’ expectations of $39.30 million.

Hedge Funds Weigh In On Mammoth Energy Services

A number of hedge funds have recently modified their holdings of TUSK. Bank of America Corp DE boosted its position in shares of Mammoth Energy Services by 45.8% in the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock worth $69,000 after purchasing an additional 7,192 shares during the period. Empowered Funds LLC boosted its position in shares of Mammoth Energy Services by 8.9% during the first quarter. Empowered Funds LLC now owns 159,685 shares of the energy company’s stock worth $326,000 after acquiring an additional 13,111 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mammoth Energy Services by 6.5% during the second quarter. Geode Capital Management LLC now owns 580,659 shares of the energy company’s stock worth $1,626,000 after acquiring an additional 35,495 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Mammoth Energy Services by 726.7% during the second quarter. JPMorgan Chase & Co. now owns 185,761 shares of the energy company’s stock worth $520,000 after acquiring an additional 163,291 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Mammoth Energy Services during the second quarter worth $103,000. 79.67% of the stock is currently owned by institutional investors.

About Mammoth Energy Services

Mammoth Energy Services, Inc, headquartered in Houston, Texas, is a diversified energy services company that primarily provides hydraulic fracturing and complementary well completion and production services to oil and natural gas exploration and production companies across North America. Its core offerings include fracturing, coiled tubing, cementing, wireline, nitrogen pumping, and pressure pumping equipment, supported by proprietary fluid blends and digital monitoring systems. In addition to conventional oilfield services, the company operates a dedicated solar division—Mammoth Solar—that delivers engineering, procurement and construction (EPC) services for utility-scale and commercial solar projects.

Mammoth’s fracturing operations are focused on major shale plays such as the Permian Basin, Eagle Ford, Bakken, Williston Basin, and Rockies regions.