Mammoth Energy Services (TUSK) Stock Rating Reaffirmed by Imperial Capital

Mammoth Energy Services (NASDAQ:TUSK)‘s stock had its “outperform” rating reaffirmed by investment analysts at Imperial Capital in a report issued on Wednesday. They presently have a $30.00 target price on the energy company’s stock, down from their prior target price of $40.00. Imperial Capital’s price objective suggests a potential upside of 36.43% from the stock’s previous close.

A number of other research analysts also recently commented on TUSK. ValuEngine raised shares of Mammoth Energy Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. BidaskClub downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Piper Jaffray Companies set a $37.00 price target on shares of Mammoth Energy Services and gave the company a “buy” rating in a report on Tuesday, November 6th. Finally, Tudor Pickering raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a report on Friday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.22.

TUSK opened at $21.99 on Wednesday. Mammoth Energy Services has a 52 week low of $16.81 and a 52 week high of $42.30. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 15.49 and a beta of 1.79.



Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.06 by $0.48. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The business had revenue of $384.00 million during the quarter, compared to the consensus estimate of $473.89 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The business’s revenue was up 157.2% on a year-over-year basis. On average, equities research analysts forecast that Mammoth Energy Services will post 4.37 earnings per share for the current fiscal year.

In other Mammoth Energy Services news, CEO Arty Straehla sold 36,611 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $26.71, for a total value of $977,879.81. Following the completion of the sale, the chief executive officer now owns 199,007 shares of the company’s stock, valued at $5,315,476.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark E. Layton sold 1,136 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $27.13, for a total transaction of $30,819.68. The disclosure for this sale can be found here. In the last three months, insiders sold 45,977 shares of company stock valued at $1,216,225. 0.25% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TUSK. Legal & General Group Plc increased its position in shares of Mammoth Energy Services by 62.0% during the third quarter. Legal & General Group Plc now owns 1,878 shares of the energy company’s stock worth $55,000 after acquiring an additional 719 shares during the period. Vanguard Group Inc increased its position in shares of Mammoth Energy Services by 38.6% during the third quarter. Vanguard Group Inc now owns 834,739 shares of the energy company’s stock worth $24,292,000 after acquiring an additional 232,542 shares during the period. Vanguard Group Inc. increased its position in shares of Mammoth Energy Services by 38.6% during the third quarter. Vanguard Group Inc. now owns 834,739 shares of the energy company’s stock worth $24,292,000 after acquiring an additional 232,542 shares during the period. Kepos Capital LP increased its position in shares of Mammoth Energy Services by 175.1% during the third quarter. Kepos Capital LP now owns 48,839 shares of the energy company’s stock worth $1,421,000 after acquiring an additional 31,089 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Mammoth Energy Services by 535.5% during the third quarter. TIAA CREF Investment Management LLC now owns 139,362 shares of the energy company’s stock worth $4,055,000 after acquiring an additional 117,433 shares during the period. 78.42% of the stock is owned by institutional investors and hedge funds.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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