Piper Jaffray Companies set a $37.00 price target on Mammoth Energy Services (NASDAQ:TUSK) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the energy company’s stock. Piper Jaffray Companies also issued estimates for Mammoth Energy Services’ Q4 2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $0.83 EPS, FY2019 earnings at $3.59 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.64 EPS and FY2020 earnings at $2.47 EPS.

Several other brokerages have also weighed in on TUSK. BidaskClub raised Mammoth Energy Services from a buy rating to a strong-buy rating in a research report on Friday, August 3rd. Barclays set a $44.00 target price on Mammoth Energy Services and gave the stock a buy rating in a research report on Saturday, November 3rd. Raymond James lowered Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 target price on the stock. in a research report on Friday, August 24th. ValuEngine lowered Mammoth Energy Services from a hold rating to a sell rating in a research report on Thursday, November 1st. Finally, Credit Suisse Group upped 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $37.00.

TUSK stock traded down $0.49 during mid-day trading on Tuesday, hitting $26.19. The stock had a trading volume of 220,375 shares, compared to its average volume of 278,052. Mammoth Energy Services has a 1-year low of $16.88 and a 1-year high of $42.30. The firm has a market cap of $1.25 billion, a P/E ratio of 4.94 and a beta of 0.97.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.48. Mammoth Energy Services had a return on equity of 42.51% and a net margin of 13.12%. The company had revenue of $384.00 million for the quarter, compared to analyst estimates of $473.89 million. During the same period in the prior year, the firm posted ($0.02) EPS. The business’s revenue was up 157.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Mammoth Energy Services will post 4.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. Mammoth Energy Services’s dividend payout ratio (DPR) is presently 35.21%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Mammoth Energy Services by 13.4% during the 3rd quarter. BlackRock Inc. now owns 778,113 shares of the energy company’s stock worth $22,642,000 after acquiring an additional 92,155 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Mammoth Energy Services by 441.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock worth $21,645,000 after acquiring an additional 606,457 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Mammoth Energy Services by 12.4% during the 2nd quarter. Millennium Management LLC now owns 622,038 shares of the energy company’s stock worth $21,124,000 after acquiring an additional 68,786 shares in the last quarter. Penn Capital Management Co. Inc. boosted its stake in shares of Mammoth Energy Services by 41.5% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 506,562 shares of the energy company’s stock worth $17,225,000 after acquiring an additional 148,481 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Mammoth Energy Services by 110.1% during the 3rd quarter. Prudential Financial Inc. now owns 488,025 shares of the energy company’s stock worth $14,201,000 after acquiring an additional 255,771 shares in the last quarter. Institutional investors own 82.50% 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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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