MAMMOOTH ENERGY (NASDAQ:TUSK) had its price target upped by stock analysts at Credit Suisse Group from $20.00 to $22.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the energy company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 14.76% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 price target (down previously from $22.00) on shares of MAMMOOTH ENERGY in a research note on Wednesday, July 12th. Barclays PLC cut shares of MAMMOOTH ENERGY from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $26.00 to $17.00 in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of MAMMOOTH ENERGY from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Imperial Capital initiated coverage on shares of MAMMOOTH ENERGY in a research note on Friday, August 18th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, ValuEngine raised shares of MAMMOOTH ENERGY from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.08.

MAMMOOTH ENERGY (NASDAQ:TUSK) opened at $19.17 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.15. MAMMOOTH ENERGY has a 12 month low of $10.88 and a 12 month high of $24.54.

MAMMOOTH ENERGY (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). MAMMOOTH ENERGY had a negative return on equity of 2.46% and a negative net margin of 16.41%. The company had revenue of $149.30 million during the quarter, compared to analysts’ expectations of $129.58 million. MAMMOOTH ENERGY’s revenue was up 135.9% on a year-over-year basis. equities research analysts forecast that MAMMOOTH ENERGY will post 0.24 EPS for the current fiscal year.

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In other MAMMOOTH ENERGY news, Director James D. Palm acquired 6,000 shares of the stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $12.75 per share, for a total transaction of $76,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of MAMMOOTH ENERGY by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,834 shares of the energy company’s stock worth $555,000 after acquiring an additional 171 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of MAMMOOTH ENERGY by 13.6% in the 2nd quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock worth $280,000 after acquiring an additional 1,808 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of MAMMOOTH ENERGY by 2.2% in the 2nd quarter. Northern Trust Corp now owns 92,303 shares of the energy company’s stock worth $1,717,000 after acquiring an additional 1,996 shares during the last quarter. 1st Global Advisors Inc. lifted its holdings in shares of MAMMOOTH ENERGY by 11.0% in the 2nd quarter. 1st Global Advisors Inc. now owns 28,843 shares of the energy company’s stock worth $536,000 after acquiring an additional 2,869 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of MAMMOOTH ENERGY by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 71,943 shares of the energy company’s stock worth $1,338,000 after acquiring an additional 3,986 shares during the last quarter. Hedge funds and other institutional investors own 73.42% of the company’s stock.

About MAMMOOTH ENERGY

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.

Analyst Recommendations for MAMMOOTH ENERGY (NASDAQ:TUSK)

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