Mammooth Energy (NASDAQ:TUSK) had its price objective boosted by analysts at Credit Suisse Group from $20.00 to $22.00 in a research note issued to investors on Friday, November 3rd. The brokerage presently has an “outperform” rating on the energy company’s stock. Credit Suisse Group’s price target suggests a potential upside of 16.40% from the company’s current price.
Several other analysts also recently weighed in on TUSK. Barclays PLC downgraded Mammooth Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $26.00 to $17.00 in a research note on Wednesday, July 12th. 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 report on Wednesday, July 12th. Zacks Investment Research cut Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Imperial Capital started coverage on Mammooth Energy in a research report on Friday, August 18th. They issued an “outperform” rating and a $16.00 price objective on the stock. Finally, Jefferies Group LLC started coverage on Mammooth Energy in a research report on Thursday, October 5th. They issued a “hold” rating and a $18.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.90.
Mammooth Energy (TUSK) traded up $0.14 during trading on Friday, hitting $18.90. The company had a trading volume of 56,164 shares, compared to its average volume of 97,123. The company has a current ratio of 1.52, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Mammooth Energy has a 52 week low of $10.88 and a 52 week high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last posted its quarterly 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). The company had revenue of $149.30 million during the quarter, compared to analysts’ expectations of $129.58 million. Mammooth Energy had a negative return on equity of 2.35% and a negative net margin of 16.41%. The business’s quarterly revenue was up 135.9% on a year-over-year basis. analysts expect that Mammooth Energy will post 0.14 EPS for the current fiscal year.
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In other news, CEO Arty Straehla sold 25,842 shares of the stock in a transaction 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 directly owns 231,711 shares of the company’s stock, valued at approximately $4,275,067.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James D. Palm purchased 6,000 shares of the stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $12.75 per share, for a total transaction of $76,500.00. The disclosure for this purchase can be found here. 0.03% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Energy Opportunities Capital Management LLC bought a new position in shares of Mammooth Energy during the 3rd quarter valued at $293,000. Janus Henderson Group PLC raised its holdings in Mammooth Energy by 34.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock worth $53,568,000 after purchasing an additional 813,284 shares during the period. Royce & Associates LP raised its holdings in Mammooth Energy by 32.3% in the 3rd quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock worth $2,873,000 after purchasing an additional 41,600 shares during the period. Ninepoint Partners LP bought a new position in Mammooth Energy in the 3rd quarter worth $2,095,000. Finally, Russell Investments Group Ltd. raised its holdings in Mammooth Energy by 49.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 165,702 shares of the energy company’s stock worth $2,794,000 after purchasing an additional 54,477 shares during the period. 74.05% of the stock is currently owned by hedge funds and other institutional investors.
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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