MAMMOOTH ENERGY (TUSK) Research Coverage Started at Jefferies Group LLC
Jefferies Group LLC began coverage on shares of MAMMOOTH ENERGY (NASDAQ:TUSK) in a research note released on Thursday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $18.00 price target on the energy company’s stock.
TUSK has been the topic of a number of other reports. Imperial Capital assumed coverage on shares of MAMMOOTH ENERGY in a research note on Friday, August 18th. They issued an outperform rating and a $16.00 price objective on the stock. Zacks Investment Research raised shares of MAMMOOTH ENERGY from a sell rating to a hold rating in a research note on Tuesday, August 15th. R. F. Lafferty assumed coverage on shares of MAMMOOTH ENERGY in a research note on Wednesday, June 14th. They issued a buy rating and a $37.00 price objective on the stock. Barclays PLC cut shares of MAMMOOTH ENERGY from an overweight rating to an equal weight rating and reduced their price objective for the company from $26.00 to $17.00 in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a buy rating and issued a $19.00 price objective (down from $22.00) on shares of MAMMOOTH ENERGY in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $22.27.
MAMMOOTH ENERGY (TUSK) traded down 1.57% on Thursday, hitting $15.66. The company’s stock had a trading volume of 37,244 shares. The company has a market capitalization of $696.90 million and a P/E ratio of 168.39. The company has a 50 day moving average price of $15.69 and a 200-day moving average price of $15.69. MAMMOOTH ENERGY has a 1-year low of $11.91 and a 1-year high of $24.54.
MAMMOOTH ENERGY (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. MAMMOOTH ENERGY had a negative net margin of 21.65% and a negative return on equity of 3.04%. The firm had revenue of $98.26 million for the quarter, compared to analysts’ expectations of $92.14 million. The firm’s revenue was up 42.1% on a year-over-year basis. On average, equities analysts forecast that MAMMOOTH ENERGY will post ($0.07) earnings per share for the current fiscal year.
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In other news, Director James D. Palm bought 6,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $12.75 per share, for a total transaction of $76,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. acquired a new stake in MAMMOOTH ENERGY in the first quarter worth $103,000. Royce & Associates LP acquired a new stake in MAMMOOTH ENERGY in the first quarter worth $168,000. Teachers Advisors LLC acquired a new stake in MAMMOOTH ENERGY in the fourth quarter worth $184,000. Nationwide Fund Advisors raised its holdings in MAMMOOTH ENERGY by 283.0% in 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. Finally, GSA Capital Partners LLP acquired a new stake in MAMMOOTH ENERGY in the second quarter worth $191,000. Institutional investors own 73.44% of the company’s stock.
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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