Mammooth Energy (TUSK) Given Average Recommendation of “Buy” by Analysts
Mammooth Energy (NASDAQ:TUSK) has received an average recommendation of “Buy” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.75.
A number of research analysts have recently commented on the stock. Imperial Capital assumed coverage on shares of Mammooth Energy in a report on Friday, August 18th. They issued an “outperform” rating and a $16.00 price target on the stock. Zacks Investment Research upgraded shares of Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Jefferies Group LLC assumed coverage on shares of Mammooth Energy in a report on Thursday, October 5th. They issued a “hold” rating and a $18.00 price target on the stock. 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 report on Wednesday, July 12th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $19.00 price target (down from $22.00) on shares of Mammooth Energy in a report on Wednesday, July 12th.
Mammooth Energy (NASDAQ:TUSK) last posted its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.15). The company had revenue of $149.30 million during the quarter, compared to the consensus estimate of $129.58 million. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The business’s revenue was up 135.9% compared to the same quarter last year.
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In other Mammooth Energy news, Director James D. Palm acquired 6,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $12.75 per share, with a total value of $76,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its stake in Mammooth Energy by 0.6% in the second 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 period. Wells Fargo & Company MN lifted its stake in Mammooth Energy by 4.1% in the first quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock worth $852,000 after acquiring an additional 1,566 shares during the period. Teachers Advisors LLC lifted its stake in Mammooth Energy by 13.6% in the second 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 period. Northern Trust Corp lifted its stake in Mammooth Energy by 2.2% in the second 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 period. Finally, 1st Global Advisors Inc. lifted its stake in Mammooth Energy by 11.0% in the second 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 period. 73.42% of the stock is owned by institutional investors.
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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