Mammooth Energy’s (NASDAQ:TUSK) Outperform Rating Reiterated at Credit Suisse Group
Mammooth Energy (NASDAQ:TUSK)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group in a report issued on Tuesday, The Fly reports. They presently have a $18.00 price target on the energy company’s stock, down from their prior price target of $25.00. Credit Suisse Group’s price objective suggests a potential upside of 42.52% from the company’s current price. The analysts noted that the move was a valuation call.
Several other research firms have also recently commented on TUSK. Zacks Investment Research cut Mammooth Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Instinet reissued a “buy” rating and set a $32.00 target price on shares of Mammooth Energy in a research note on Wednesday, April 19th. Nomura initiated coverage on Mammooth Energy in a research note on Wednesday, April 19th. They set a “buy” rating and a $32.00 target price for the company. Piper Jaffray Companies reissued a “buy” rating and set a $19.00 target price (down from $22.00) on shares of Mammooth Energy in a research note on Wednesday, July 12th. Finally, Barclays PLC cut Mammooth Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $26.00 to $17.00 in a research note on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Mammooth Energy has a consensus rating of “Buy” and an average target price of $23.20.
Shares of Mammooth Energy (NASDAQ TUSK) opened at 12.63 on Tuesday. The company’s 50-day moving average price is $16.70 and its 200-day moving average price is $18.63. Mammooth Energy has a 12 month low of $11.91 and a 12 month high of $24.54. The company has a market cap of $562.04 million and a P/E ratio of 135.81.
Mammooth Energy (NASDAQ:TUSK) last released its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative return on equity of 3.31% and a negative net margin of 21.65%. The firm had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. Mammooth Energy’s revenue was up 42.1% compared to the same quarter last year. Equities analysts forecast that Mammooth Energy will post $0.06 EPS for the current fiscal year.
In other Mammooth Energy news, Director Arthur L. Smith acquired 6,000 shares of the stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $16.91 per share, with a total value of $101,460.00. Following the transaction, the director now owns 6,667 shares in the company, valued at approximately $112,738.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. acquired a new position in Mammooth Energy during the first quarter valued at about $103,000. Royce & Associates LP acquired a new position in Mammooth Energy during the first quarter valued at about $168,000. Teachers Advisors LLC acquired a new position in Mammooth Energy during the fourth quarter valued at about $184,000. Prudential Financial Inc. acquired a new position in Mammooth Energy during the second quarter valued at about $208,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Mammooth Energy during the first quarter valued at about $233,000. 63.17% of the stock is owned by institutional investors and hedge funds.
Mammooth Energy 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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