MAMMOOTH ENERGY (TUSK) Lifted to “Buy” 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 on Wednesday. The brokerage currently has a $19.00 target price on the stock. Zacks Investment Research’s price objective indicates a potential upside of 10.98% from the stock’s previous close.

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. “

A number of other analysts have also issued reports on TUSK. Piper Jaffray Companies started coverage on MAMMOOTH ENERGY in a research report on Tuesday, November 8th. They set an “overweight” rating and a $16.50 target price on the stock. Wunderlich started coverage on MAMMOOTH ENERGY in a report on Tuesday, November 8th. They issued a “buy” rating and a $21.00 price objective for the company. Credit Suisse Group started coverage on MAMMOOTH ENERGY in a report on Tuesday, November 8th. They issued an “outperform” rating and a $16.00 price objective for the company. Barclays PLC started coverage on MAMMOOTH ENERGY in a report on Thursday, November 10th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Stephens started coverage on MAMMOOTH ENERGY in a report on Thursday, November 17th. They issued an “overweight” rating and a $17.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. MAMMOOTH ENERGY currently has a consensus rating of “Buy” and an average target price of $17.93.

Analyst Recommendations for MAMMOOTH ENERGY (NASDAQ:TUSK)

Shares of MAMMOOTH ENERGY (NASDAQ:TUSK) traded down 0.70% during trading on Wednesday, hitting $17.00. The stock had a trading volume of 5,656 shares. The firm’s 50-day moving average is $15.68 and its 200-day moving average is $14.89. MAMMOOTH ENERGY has a one year low of $11.91 and a one year high of $19.05. The firm’s market cap is $637.50 million.

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In other MAMMOOTH ENERGY news, Director Energy Corp Gulfport sold 76,250 shares of MAMMOOTH ENERGY stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $14.06, for a total value of $1,072,075.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark E. Layton bought 3,000 shares of the firm’s stock in a transaction on Wednesday, October 19th. The stock was bought at an average price of $15.00 per share, with a total value of $45,000.00. Following the completion of the purchase, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $45,000. The disclosure for this purchase can be found here.

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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