Brokerages Set Mammoth Energy Services Inc (TUSK) Price Target at $18.79

Shares of Mammoth Energy Services Inc (NASDAQ:TUSK) have received a consensus rating of “Buy” from the eleven brokerages that are covering the firm. One research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $21.72.

Several brokerages have recently issued reports on TUSK. Instinet restated a “buy” rating and issued a $32.00 price objective on shares of Mammoth Energy Services in a research note on Wednesday. Nomura began coverage on Mammoth Energy Services in a research note on Wednesday. They issued a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research cut Mammoth Energy Services from a “buy” rating to a “sell” rating in a research note on Wednesday, January 25th. Raymond James Financial, Inc. began coverage on Mammoth Energy Services in a research note on Thursday, December 22nd. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Capital One Financial Corp. started coverage on Mammoth Energy Services in a research note on Thursday, March 2nd. They issued an “overweight” rating for the company.

Shares of Mammoth Energy Services (NASDAQ:TUSK) traded down 0.56% during midday trading on Monday, hitting $19.36. 61,886 shares of the stock were exchanged. The firm’s 50 day moving average price is $20.04 and its 200-day moving average price is $17.41. The stock’s market cap is $726.00 million. Mammoth Energy Services has a 52-week low of $11.91 and a 52-week high of $24.54.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Wednesday, February 22nd. The energy company reported ($1.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $1.46. The business earned $64.79 million during the quarter, compared to the consensus estimate of $58.55 million. Mammoth Energy Services’s revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts expect that Mammoth Energy Services will post $0.04 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of TUSK. Wexford Capital LP purchased a new stake in shares of Mammoth Energy Services during the fourth quarter worth about $310,747,000. Franklin Resources Inc. bought a new position in shares of Mammoth Energy Services during the fourth quarter worth approximately $4,104,000. Thomson Horstmann & Bryant Inc. bought a new position in shares of Mammoth Energy Services during the first quarter worth approximately $5,331,000. Nokomis Capital L.L.C. bought a new position in shares of Mammoth Energy Services during the fourth quarter worth approximately $1,409,000. Finally, Numeric Investors LLC bought a new position in shares of Mammoth Energy Services during the fourth quarter worth approximately $1,356,000. 2.39% of the stock is currently owned by hedge funds and other institutional investors.

About Mammoth Energy Services

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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