Mammoth Energy Services Inc (NASDAQ:TUSK) has been given an average rating of “Buy” by the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.90.
Several equities analysts have recently issued reports on the stock. BidaskClub cut shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Zacks Investment Research downgraded shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Imperial Capital lifted their target price on shares of Mammoth Energy Services from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Stephens assumed coverage on shares of Mammoth Energy Services in a research report on Tuesday, January 9th. They issued an “overweight” rating and a $27.00 target price on the stock. Finally, ValuEngine raised shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st.
Shares of Mammoth Energy Services (TUSK) traded down $0.34 on Friday, hitting $19.82. 227,591 shares of the stock traded hands, compared to its average volume of 137,003. The firm has a market cap of $867.16 and a PE ratio of -11.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 1.39. Mammoth Energy Services has a 12 month low of $10.88 and a 12 month high of $25.00.
Several hedge funds have recently bought and sold shares of TUSK. The Manufacturers Life Insurance Company boosted its holdings in shares of Mammoth Energy Services by 470.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,857 shares of the energy company’s stock worth $154,000 after purchasing an additional 6,480 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Mammoth Energy Services during the second quarter worth approximately $191,000. Nationwide Fund Advisors boosted its holdings in shares of Mammoth Energy Services by 283.0% during the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after purchasing an additional 7,593 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Mammoth Energy Services during the second quarter worth approximately $208,000. Finally, Swiss National Bank acquired a new stake in shares of Mammoth Energy Services during the second quarter worth approximately $233,000. Institutional investors and hedge funds own 74.02% of the company’s stock.
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Mammoth Energy Services 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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