Mammoth Energy Services (TUSK) Given New $52.00 Price Target at Piper Jaffray Companies

Mammoth Energy Services (NASDAQ:TUSK) had its price target upped by Piper Jaffray Companies from $35.00 to $52.00 in a report published on Friday, MarketBeat.com reports. The firm currently has an overweight rating on the energy company’s stock. Piper Jaffray Companies also issued estimates for Mammoth Energy Services’ Q2 2018 earnings at $1.48 EPS.

Other research analysts have also recently issued reports about the company. ValuEngine upgraded Mammoth Energy Services from a hold rating to a buy rating in a research note on Wednesday, February 28th. Johnson Rice upgraded Mammoth Energy Services from an accumulate rating to a buy rating in a research note on Wednesday, February 28th. BidaskClub upgraded Mammoth Energy Services from a hold rating to a buy rating in a research note on Wednesday, February 28th. R. F. Lafferty increased their price objective on Mammoth Energy Services from $36.00 to $42.00 and gave the company a buy rating in a research note on Wednesday, March 28th. Finally, Barclays set a $37.00 price objective on Mammoth Energy Services and gave the company a buy rating in a research note on Sunday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $38.63.

Mammoth Energy Services opened at $36.72 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.21 and a current ratio of 1.26. Mammoth Energy Services has a 52 week low of $10.88 and a 52 week high of $40.39. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 25.86 and a beta of 0.44.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, May 2nd. The energy company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.42). Mammoth Energy Services had a return on equity of 25.02% and a net margin of 10.76%. The firm had revenue of $494.25 million for the quarter, compared to analyst estimates of $457.44 million. During the same quarter last year, the company earned ($0.13) earnings per share. The firm’s revenue for the quarter was up 559.3% on a year-over-year basis. analysts anticipate that Mammoth Energy Services will post 4.84 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in TUSK. Millennium Management LLC raised its stake in shares of Mammoth Energy Services by 271.5% in the first quarter. Millennium Management LLC now owns 553,252 shares of the energy company’s stock valued at $17,737,000 after acquiring an additional 404,318 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new stake in shares of Mammoth Energy Services in the first quarter valued at $11,497,000. New York State Common Retirement Fund raised its stake in shares of Mammoth Energy Services by 2,638.5% in the first quarter. New York State Common Retirement Fund now owns 175,262 shares of the energy company’s stock valued at $5,619,000 after acquiring an additional 168,862 shares in the last quarter. Cortina Asset Management LLC raised its stake in shares of Mammoth Energy Services by 28.0% in the fourth quarter. Cortina Asset Management LLC now owns 343,430 shares of the energy company’s stock valued at $6,742,000 after acquiring an additional 75,127 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Mammoth Energy Services in the first quarter valued at $2,226,000. Institutional investors and hedge funds own 73.62% of the company’s stock.

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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