Mammooth Energy (NASDAQ:TUSK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, May 9th. The firm currently has a $20.00 target price on the energy company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.35% from the stock’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 equities analysts have also issued reports about the company. Instinet restated a “buy” rating and set a $32.00 target price on shares of Mammooth Energy in a report on Wednesday, April 19th. Nomura began coverage on Mammooth Energy in a research note on Wednesday, April 19th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, Capital One Financial Corporation began coverage on Mammooth Energy in a research note on Thursday, March 2nd. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.85.
Mammooth Energy (NASDAQ:TUSK) opened at 17.49 on Tuesday. The company’s 50-day moving average price is $18.52 and its 200-day moving average price is $18.48. The stock’s market capitalization is $655.88 million. Mammooth Energy has a one year low of $11.91 and a one year high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last posted its earnings results on Wednesday, May 3rd. The energy company reported ($0.13) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The company had revenue of $74.42 million for the quarter. Equities research analysts predict that Mammooth Energy will post $0.03 EPS for the current year.
In other news, Director Arthur L. Smith purchased 6,000 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were purchased at an average cost of $16.91 per share, for a total transaction of $101,460.00. Following the completion of the purchase, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $112,738.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in Mammooth Energy by 14.0% in the first quarter. Russell Investments Group Ltd. now owns 116,510 shares of the energy company’s stock worth $2,506,000 after buying an additional 14,264 shares during the last quarter. Northpointe Capital LLC bought a new stake in Mammooth Energy during the first quarter worth $412,000. Mesirow Financial Investment Management Equity Management bought a new stake in Mammooth Energy during the first quarter worth $437,000. Thomson Horstmann & Bryant Inc. bought a new stake in Mammooth Energy during the first quarter worth $5,331,000. Finally, Teachers Advisors LLC bought a new stake in Mammooth Energy during the fourth quarter worth $184,000. 75.16% of the stock is currently owned by institutional investors.
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.
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