Mammoth Energy Services (TUSK) PT Raised to $40.00 at Stephens

Mammoth Energy Services (NASDAQ:TUSK) had its price target lifted by Stephens from $36.00 to $40.00 in a research report issued on Friday. The brokerage currently has an “overweight” rating on the energy company’s stock. Stephens’ target price points to a potential upside of 19.30% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Credit Suisse Group lifted their target price on shares of Mammoth Energy Services from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Zacks Investment Research cut shares of Mammoth Energy Services from a “hold” rating to a “sell” rating and set a $26.00 price target for the company. in a research report on Saturday, January 20th. Barclays raised shares of Mammoth Energy Services from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $30.00 in a research report on Tuesday, February 27th. BidaskClub raised shares of Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 20th. Finally, Imperial Capital reissued an “outperform” rating and issued a $33.00 price target (up previously from $30.00) on shares of Mammoth Energy Services in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Mammoth Energy Services presently has a consensus rating of “Buy” and a consensus price target of $31.50.

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Mammoth Energy Services stock traded up $0.18 during trading on Friday, hitting $33.53. The company had a trading volume of 374,400 shares, compared to its average volume of 319,195. Mammoth Energy Services has a 1-year low of $10.88 and a 1-year high of $35.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.35 and a current ratio of 1.43. The company has a market capitalization of $1,487.05, a PE ratio of 23.61 and a beta of 0.27.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $1.02. Mammoth Energy Services had a net margin of 8.54% and a return on equity of 14.30%. The firm had revenue of $368.96 million during the quarter, compared to the consensus estimate of $368.41 million. equities research analysts forecast that Mammoth Energy Services will post 4.5 earnings per share for the current year.

In other Mammoth Energy Services news, CFO Mark E. Layton sold 4,373 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $26.13, for a total value of $114,266.49. Following the completion of the transaction, the chief financial officer now owns 52,702 shares of the company’s stock, valued at approximately $1,377,103.26. The sale 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.

Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in shares of Mammoth Energy Services by 34.4% during 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 last quarter. Cortina Asset Management LLC lifted its position in shares of Mammoth Energy Services by 28.0% during the 4th quarter. Cortina Asset Management LLC now owns 343,430 shares of the energy company’s stock worth $6,742,000 after purchasing an additional 75,127 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its position in shares of Mammoth Energy Services by 14.6% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 256,497 shares of the energy company’s stock worth $5,035,000 after purchasing an additional 32,702 shares during the last quarter. Royce & Associates LP lifted its position in shares of Mammoth Energy Services by 9.1% during the 4th quarter. Royce & Associates LP now owns 185,918 shares of the energy company’s stock worth $3,650,000 after purchasing an additional 15,518 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Mammoth Energy Services by 49.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 165,702 shares of the energy company’s stock worth $2,794,000 after purchasing an additional 54,477 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

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About Mammoth Energy Services

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.

Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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