Mammoth Energy Services (TUSK) PT Set at $44.00 by Barclays

Barclays set a $44.00 target price on Mammoth Energy Services (NASDAQ:TUSK) in a research report report published on Saturday morning. The brokerage currently has a buy rating on the energy company’s stock.

TUSK has been the topic of a number of other research reports. Raymond James cut shares of Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 price target on the stock. in a report on Friday, August 24th. Credit Suisse Group lifted their price target on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the stock an outperform rating in a report on Wednesday, August 8th. BidaskClub cut shares of Mammoth Energy Services from a strong-buy rating to a buy rating in a report on Thursday, August 16th. Zacks Investment Research cut shares of Mammoth Energy Services from a buy rating to a hold rating in a report on Saturday, August 11th. Finally, ValuEngine cut shares of Mammoth Energy Services from a buy rating to a hold rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $37.89.

Shares of Mammoth Energy Services stock traded up $1.01 during mid-day trading on Friday, hitting $26.96. 677,358 shares of the stock were exchanged, compared to its average volume of 255,606. Mammoth Energy Services has a 12 month low of $16.88 and a 12 month high of $42.30. The stock has a market cap of $1.21 billion, a P/E ratio of 18.99 and a beta of 0.97.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Wednesday, October 31st. The energy company reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.48. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 44.86%. The firm had revenue of $384.00 million for the quarter, compared to analysts’ expectations of $473.89 million. During the same quarter last year, the firm earned ($0.02) EPS. The company’s quarterly revenue was up 157.2% compared to the same quarter last year. As a group, sell-side analysts expect that Mammoth Energy Services will post 4.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. Mammoth Energy Services’s payout ratio is 35.21%.

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in 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 valued at $21,645,000 after acquiring an additional 606,457 shares during the period. BlackRock Inc. raised its holdings in Mammoth Energy Services by 37.7% during the 2nd quarter. BlackRock Inc. now owns 685,958 shares of the energy company’s stock valued at $23,295,000 after acquiring an additional 187,868 shares during the period. Millennium Management LLC raised its holdings in Mammoth Energy Services by 12.4% during the 2nd quarter. Millennium Management LLC now owns 622,038 shares of the energy company’s stock valued at $21,124,000 after acquiring an additional 68,786 shares during the period. Penn Capital Management Co. Inc. raised its holdings in 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 valued at $17,225,000 after acquiring an additional 148,481 shares during the period. Finally, Laurion Capital Management LP bought a new stake in Mammoth Energy Services during the 2nd quarter valued at $13,891,000. 81.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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