Mammoth Energy Services (NASDAQ:TUSK)‘s stock had its “overweight” rating reiterated by equities researchers at Piper Jaffray Companies in a report issued on Monday, The Fly reports. They presently have a $45.00 target price on the energy company’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 38.16% from the company’s current price. Piper Jaffray Companies also issued estimates for Mammoth Energy Services’ Q4 2019 earnings at $1.13 EPS and FY2020 earnings at $3.05 EPS. The analysts noted that the move was a valuation call.

Other analysts also recently issued reports about the company. Imperial Capital set a $46.00 price target on Mammoth Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 3rd. Zacks Investment Research upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Saturday, July 7th. BidaskClub upgraded Mammoth Energy Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 3rd. Credit Suisse Group boosted their target price on Mammoth Energy Services from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Finally, Barclays boosted their target price on Mammoth Energy Services from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.00.

Shares of NASDAQ TUSK opened at $32.57 on Monday. Mammoth Energy Services has a twelve month low of $11.39 and a twelve month high of $42.30. The firm has a market capitalization of $1.45 billion, a PE ratio of 22.94 and a beta of 0.66.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings data on Monday, August 6th. The energy company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.17). Mammoth Energy Services had a net margin of 10.57% and a return on equity of 34.33%. The firm had revenue of $533.60 million during the quarter, compared to analyst estimates of $531.25 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 442.8% compared to the same quarter last year. sell-side analysts predict that Mammoth Energy Services will post 5.23 EPS for the current fiscal year.

In related news, Director Meh Sub Llc sold 266,026 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $38.01, for a total value of $10,111,648.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TUSK. King Luther Capital Management Corp lifted its stake in Mammoth Energy Services by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 77,955 shares of the energy company’s stock valued at $2,647,000 after buying an additional 1,435 shares in the last quarter. Swiss National Bank lifted its stake in Mammoth Energy Services by 14.4% in the 1st quarter. Swiss National Bank now owns 14,300 shares of the energy company’s stock valued at $458,000 after buying an additional 1,800 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Mammoth Energy Services by 285.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock valued at $142,000 after buying an additional 3,101 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in Mammoth Energy Services in the 2nd quarter valued at approximately $122,000. Finally, SG Americas Securities LLC purchased a new stake in Mammoth Energy Services in the 2nd quarter valued at approximately $141,000. Institutional investors and hedge funds own 77.18% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

Read More: Are Wall Street analysts’ stock ratings worth following?

The Fly

Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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