Mammooth Energy (TUSK) Earns Hold Rating from Analysts at Jefferies Group LLC
Equities research analysts at Jefferies Group LLC initiated coverage on shares of Mammooth Energy (NASDAQ:TUSK) in a report issued on Thursday, MarketBeat reports. The firm set a “hold” rating and a $18.00 price target on the energy company’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 13.14% from the stock’s previous close.
A number of other research firms have also recently commented on TUSK. Zacks Investment Research cut shares of Mammooth Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Credit Suisse Group reissued an “outperform” rating and issued a $18.00 target price (down previously from $25.00) on shares of Mammooth Energy in a report on Tuesday, August 8th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 target price (down previously from $22.00) on shares of Mammooth Energy in a report on Wednesday, July 12th. Barclays PLC cut shares of Mammooth Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $26.00 to $17.00 in a report on Wednesday, July 12th. Finally, R. F. Lafferty initiated coverage on shares of Mammooth Energy in a report on Wednesday, June 14th. They issued a “buy” rating and a $37.00 target price for the company. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.27.
Shares of Mammooth Energy (NASDAQ TUSK) traded up 2.12% during trading on Thursday, reaching $15.91. 47,322 shares of the company traded hands. The company has a 50-day moving average of $15.69 and a 200-day moving average of $15.69. Mammooth Energy has a 12 month low of $11.91 and a 12 month high of $24.54. The stock has a market capitalization of $708.03 million and a PE ratio of 171.08.
Mammooth Energy (NASDAQ:TUSK) last posted its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The firm had revenue of $98.26 million during the quarter, compared to analysts’ expectations of $92.14 million. Mammooth Energy had a negative net margin of 21.65% and a negative return on equity of 3.04%. The business’s revenue for the quarter was up 42.1% compared to the same quarter last year. Analysts forecast that Mammooth Energy will post ($0.07) earnings per share for the current fiscal year.
In other news, Director James D. Palm bought 6,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $12.75 per share, with a total value of $76,500.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. acquired a new stake in Mammooth Energy during the 2nd quarter valued at approximately $525,000. 1st Global Advisors Inc. increased its position in Mammooth Energy by 11.0% during the 2nd quarter. 1st Global Advisors Inc. now owns 28,843 shares of the energy company’s stock valued at $536,000 after purchasing an additional 2,869 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Mammooth Energy by 15.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 79,697 shares of the energy company’s stock valued at $1,482,000 after purchasing an additional 10,876 shares during the period. State Street Corp increased its position in Mammooth Energy by 17.4% during the 2nd quarter. State Street Corp now owns 114,246 shares of the energy company’s stock valued at $2,127,000 after purchasing an additional 16,965 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in Mammooth Energy during the 2nd quarter valued at approximately $43,970,000. 73.44% 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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