Mammooth Energy (TUSK) Upgraded at Zacks Investment Research
Mammooth Energy (NASDAQ:TUSK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $18.00 price target on the energy company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 10.09% from the company’s current price.
According to Zacks, “Mammoth Energy Services, Inc. is an integrated oilfield service company. Its segment consists of Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services. Mammoth Energy Services, Inc. is based in OKLAHOMA CITY, United States. “
Other analysts also recently issued reports about the company. Imperial Capital initiated coverage on Mammooth Energy in a research report on Friday, August 18th. They set an “outperform” rating and a $16.00 price objective for the company. Jefferies Group LLC initiated coverage on Mammooth Energy in a research report on Thursday, October 5th. They set a “hold” rating and a $18.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and set a $19.00 price objective (down from $22.00) on shares of Mammooth Energy in a research report on Wednesday, July 12th. Barclays PLC downgraded Mammooth Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $26.00 to $17.00 in a research report on Wednesday, July 12th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $18.00 price objective (down from $25.00) on shares of Mammooth Energy in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.92.
Mammooth Energy (NASDAQ TUSK) opened at 16.35 on Thursday. The company has a market cap of $727.61 million and a PE ratio of 175.81. The firm’s 50-day moving average is $15.76 and its 200-day moving average is $15.76. Mammooth Energy has a 52-week low of $10.88 and a 52-week high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last posted its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The business had revenue of $98.26 million for the quarter, compared to analyst estimates of $92.14 million. The company’s quarterly revenue was up 42.1% on a year-over-year basis. On average, equities research analysts anticipate that Mammooth Energy will post ($0.07) EPS for the current year.
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In related news, Director James D. Palm acquired 6,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $12.75 per share, for a total transaction of $76,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TUSK. Teachers Advisors LLC purchased a new stake in Mammooth Energy during the fourth quarter worth approximately $184,000. Wells Fargo & Company MN lifted its stake in Mammooth Energy by 4.1% during the first quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock worth $852,000 after purchasing an additional 1,566 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Mammooth Energy by 85.5% during the first quarter. Bank of New York Mellon Corp now owns 28,437 shares of the energy company’s stock worth $611,000 after purchasing an additional 13,104 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Mammooth Energy by 126.5% during the first quarter. Victory Capital Management Inc. now owns 67,957 shares of the energy company’s stock worth $1,462,000 after purchasing an additional 37,957 shares during the last quarter. Finally, American International Group Inc. purchased a new stake in Mammooth Energy during the first quarter worth approximately $103,000. Institutional investors and hedge funds own 73.44% of the company’s stock.
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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