Mammooth Energy (TUSK) Now Covered by Imperial Capital
Research analysts at Imperial Capital assumed coverage on shares of Mammooth Energy (NASDAQ:TUSK) in a report released on Friday. The firm set an “outperform” rating and a $16.00 price target on the energy company’s stock. Imperial Capital’s price objective would indicate a potential upside of 36.99% from the company’s previous close.
A number of other brokerages have also recently issued reports on TUSK. Zacks Investment Research upgraded Mammooth Energy from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, May 25th. Piper Jaffray Companies restated a “buy” rating and set a $19.00 target price (down previously from $22.00) on shares of Mammooth Energy in a report on Wednesday, July 12th. Barclays PLC cut Mammooth Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $26.00 to $17.00 in a report on Wednesday, July 12th. R. F. Lafferty assumed coverage on Mammooth Energy in a report on Wednesday, June 14th. They set a “buy” rating and a $37.00 target price on the stock. Finally, Credit Suisse Group restated an “outperform” rating and set a $18.00 target price (down previously from $25.00) on shares of Mammooth Energy in a report on Tuesday, August 8th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.55.
Shares of Mammooth Energy (NASDAQ:TUSK) opened at 11.68 on Friday. The firm has a market cap of $519.78 million and a P/E ratio of 125.59. The company has a 50-day moving average of $14.86 and a 200 day moving average of $18.07. Mammooth Energy has a 12-month low of $10.88 and a 12-month high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last issued its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative return on equity of 3.04% and a negative net margin of 21.65%. The firm had revenue of $98.26 million for the quarter, compared to analysts’ expectations of $92.14 million. The company’s revenue for the quarter was up 42.1% on a year-over-year basis. Equities analysts predict that Mammooth Energy will post ($0.05) EPS for the current year.
In other Mammooth Energy news, Director Arthur L. Smith acquired 6,000 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average price of $16.91 per share, for a total transaction of $101,460.00. Following the acquisition, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $112,738.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Mammooth Energy during the second quarter worth about $525,000. 1st Global Advisors Inc. raised its stake in shares of 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 buying an additional 2,869 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Mammooth Energy by 15.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 79,697 shares of the energy company’s stock worth $1,482,000 after buying an additional 10,876 shares in the last quarter. State Street Corp raised its stake in shares of Mammooth Energy by 17.4% in the second quarter. State Street Corp now owns 114,246 shares of the energy company’s stock worth $2,127,000 after buying an additional 16,965 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Mammooth Energy during the second quarter worth about $43,970,000. 63.97% of the stock is currently owned by institutional investors and hedge funds.
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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