Shares of Mammoth Energy Services Inc (NASDAQ:TUSK) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.40.

Several equities research analysts have recently weighed in on TUSK shares. Credit Suisse Group raised their target price on Mammoth Energy Services from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. ValuEngine raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub raised Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research raised Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, October 26th. Finally, Stephens started coverage on Mammoth Energy Services in a research report on Tuesday, January 9th. They set an “overweight” rating and a $27.00 target price on the stock.

In other Mammoth Energy Services news, CEO Arty Straehla sold 25,842 shares of Mammoth Energy Services stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total transaction of $476,784.90. Following the transaction, the chief executive officer now owns 231,711 shares of the company’s stock, valued at $4,275,067.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TUSK. GSA Capital Partners LLP acquired a new position in Mammoth Energy Services during the second quarter worth approximately $191,000. Nationwide Fund Advisors grew its stake in shares of Mammoth Energy Services by 283.0% in the 2nd quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock valued at $191,000 after purchasing an additional 7,593 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Mammoth Energy Services in the 2nd quarter valued at approximately $208,000. Swiss National Bank purchased a new position in shares of Mammoth Energy Services in the 2nd quarter valued at approximately $233,000. Finally, Teachers Advisors LLC grew its stake in shares of Mammoth Energy Services by 13.6% in the 2nd quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock valued at $280,000 after purchasing an additional 1,808 shares during the last quarter. 73.60% of the stock is currently owned by institutional investors.

Shares of Mammoth Energy Services (NASDAQ TUSK) traded up $0.80 during midday trading on Tuesday, hitting $23.94. The stock had a trading volume of 405,995 shares, compared to its average volume of 75,348. The company has a quick ratio of 1.39, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. Mammoth Energy Services has a 1-year low of $10.88 and a 1-year high of $25.00. The firm has a market cap of $1,065.38, a price-to-earnings ratio of -13.68 and a beta of 5.25.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Mammoth Energy Services had a negative return on equity of 2.35% and a negative net margin of 16.41%. The business had revenue of $149.30 million for the quarter, compared to analyst estimates of $129.58 million. Mammoth Energy Services’s revenue was up 135.9% on a year-over-year basis. sell-side analysts forecast that Mammoth Energy Services will post 0.16 earnings per share for the current year.

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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.

Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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