Stephens started coverage on shares of Mammoth Energy Services (NASDAQ:TUSK) in a research report sent to investors on Tuesday, January 9th. The brokerage issued an overweight rating and a $27.00 price objective on the energy company’s stock.
Several other brokerages have also issued reports on TUSK. Credit Suisse Group raised their target price on Mammoth Energy Services from $20.00 to $22.00 and gave the company an outperform rating in a research report on Friday, November 3rd. ValuEngine raised Mammoth Energy Services from a sell rating to a hold rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Mammoth Energy Services from a hold rating to a buy rating and set a $20.00 target price for the company in a research report on Thursday, October 26th. BidaskClub raised Mammoth Energy Services from a hold rating to a buy rating in a report on Wednesday, December 27th. Finally, Imperial Capital lifted their price objective on Mammoth Energy Services from $20.00 to $24.00 and gave the stock an outperform rating in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $24.80.
Mammoth Energy Services (TUSK) traded up $0.11 during trading on Tuesday, hitting $23.46. The company’s stock had a trading volume of 91,400 shares, compared to its average volume of 108,833. Mammoth Energy Services has a 52-week low of $10.88 and a 52-week high of $24.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 1.39. The company has a market cap of $1,020.00 and a PE ratio of -13.96.
Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $149.30 million during the quarter, compared to analysts’ expectations of $129.58 million. Mammoth Energy Services had a negative net margin of 16.41% and a negative return on equity of 2.35%. Mammoth Energy Services’s quarterly revenue was up 135.9% on a year-over-year basis. sell-side analysts expect that Mammoth Energy Services will post 0.14 earnings per share for the current fiscal year.
In related news, CEO Arty Straehla sold 25,842 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total value of $476,784.90. Following the completion of the sale, the chief executive officer now owns 231,711 shares in the company, valued at approximately $4,275,067.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC increased its stake in Mammoth Energy Services by 34.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock worth $53,568,000 after purchasing an additional 813,284 shares during the period. American Century Companies Inc. increased its stake in Mammoth Energy Services by 19.1% in the 3rd quarter. American Century Companies Inc. now owns 747,023 shares of the energy company’s stock worth $12,595,000 after purchasing an additional 119,942 shares during the period. Vanguard Group Inc. increased its stake in shares of Mammoth Energy Services by 15.4% during the second quarter. Vanguard Group Inc. now owns 418,865 shares of the energy company’s stock valued at $7,791,000 after buying an additional 55,973 shares during the period. Thomson Horstmann & Bryant Inc. increased its stake in shares of Mammoth Energy Services by 14.6% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 256,497 shares of the energy company’s stock valued at $5,035,000 after buying an additional 32,702 shares during the period. Finally, Royce & Associates LP increased its stake in shares of Mammoth Energy Services by 32.3% during the third quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock valued at $2,873,000 after buying an additional 41,600 shares during the period. 73.60% of the stock is currently owned by institutional investors and hedge funds.
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Mammoth Energy Services Company Profile
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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