Barclays set a $44.00 price target on Mammoth Energy Services (NASDAQ:TUSK) in a research note issued to investors on Saturday. The brokerage currently has a buy rating on the energy company’s stock.
Other analysts have also issued research reports about the company. BidaskClub raised Mammoth Energy Services from a hold rating to a buy rating in a research report on Friday, September 14th. Zacks Investment Research raised Mammoth Energy Services from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research report on Saturday, July 7th. ValuEngine lowered Mammoth Energy Services from a buy rating to a hold rating in a research report on Thursday, August 2nd. Raymond James lowered Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 price objective on the stock. in a research report on Friday, August 24th. Finally, Credit Suisse Group upped their price objective on Mammoth Energy Services from $36.00 to $38.00 and gave the stock an outperform rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $37.00.
Shares of NASDAQ TUSK opened at $27.16 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.13 and a beta of 0.97. Mammoth Energy Services has a 52-week low of $16.88 and a 52-week high of $42.30.
Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.48. Mammoth Energy Services had a return on equity of 44.86% and a net margin of 13.12%. The business had revenue of $384.00 million for the quarter, compared to analyst estimates of $473.89 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s revenue was up 157.2% on a year-over-year basis. As a group, equities research analysts expect that Mammoth Energy Services will post 4.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio is currently 35.21%.
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of Mammoth Energy Services by 441.3% during the third quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock worth $21,645,000 after purchasing an additional 606,457 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of Mammoth Energy Services during the second quarter worth $13,891,000. Luminus Management LLC acquired a new position in shares of Mammoth Energy Services during the second quarter worth $7,578,000. BlackRock Inc. grew its stake in shares of Mammoth Energy Services by 37.7% during the second quarter. BlackRock Inc. now owns 685,958 shares of the energy company’s stock worth $23,295,000 after purchasing an additional 187,868 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its stake in shares of Mammoth Energy Services by 41.5% during the second quarter. Penn Capital Management Co. Inc. now owns 506,562 shares of the energy company’s stock worth $17,225,000 after purchasing an additional 148,481 shares in the last quarter. 82.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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