Mammoth Energy Services (TUSK) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a hold rating to a buy rating in a research note released on Friday morning.

A number of other research analysts have also recently weighed in on TUSK. Zacks Investment Research upgraded shares of Mammoth Energy Services from a strong sell rating to a hold rating in a report on Thursday, October 25th. ValuEngine cut shares of Mammoth Energy Services from a hold rating to a sell rating in a report on Thursday, November 1st. Barclays set a $44.00 price objective on shares of Mammoth Energy Services and gave the company a buy rating in a report on Saturday, November 3rd. Piper Jaffray Companies set a $37.00 price objective on shares of Mammoth Energy Services and gave the company a buy rating in a report on Tuesday, November 6th. Finally, Tudor Pickering upgraded shares of Mammoth Energy Services from a hold rating to a buy rating in a report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $35.22.

Shares of TUSK opened at $22.14 on Friday. Mammoth Energy Services has a 1-year low of $16.81 and a 1-year high of $42.30. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 15.59 and a beta of 1.79.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.48. The firm had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $473.89 million. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The business’s quarterly revenue was up 157.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Equities research analysts anticipate that Mammoth Energy Services will post 4.37 EPS for the current year.

In related news, Director Arthur L. Smith sold 6,000 shares of Mammoth Energy Services stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $24.85, for a total value of $149,100.00. Following the completion of the transaction, the director now owns 12,235 shares in the company, valued at $304,039.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arty Straehla sold 2,230 shares of Mammoth Energy Services stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $26.20, for a total transaction of $58,426.00. Following the completion of the transaction, the chief executive officer now owns 199,007 shares of the company’s stock, valued at approximately $5,213,983.40. The disclosure for this sale can be found here. Insiders sold 45,977 shares of company stock valued at $1,216,225 in the last 90 days. Company insiders own 0.25% of the company’s stock.

A number of institutional investors have recently modified their holdings of TUSK. Legal & General Group Plc lifted its stake in Mammoth Energy Services by 62.0% in the third quarter. Legal & General Group Plc now owns 1,878 shares of the energy company’s stock worth $55,000 after acquiring an additional 719 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Mammoth Energy Services during the 2nd quarter worth approximately $141,000. PNC Financial Services Group Inc. purchased a new stake in shares of Mammoth Energy Services during the 2nd quarter worth approximately $158,000. American International Group Inc. lifted its position in shares of Mammoth Energy Services by 50.2% during the 3rd quarter. American International Group Inc. now owns 8,296 shares of the energy company’s stock worth $241,000 after buying an additional 2,773 shares during the last quarter. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Mammoth Energy Services during the 2nd quarter worth approximately $250,000. Institutional investors own 78.42% 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.

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Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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