Barclays set a $44.00 price objective on Mammoth Energy Services (NASDAQ:TUSK) in a research note issued to investors on Saturday morning. The firm currently has a buy rating on the energy company’s stock.
Several other research analysts have also recently weighed in on TUSK. Zacks Investment Research upgraded Mammoth Energy Services from a hold rating to a buy rating and set a $38.00 target price on the stock in a report on Saturday, July 7th. ValuEngine cut Mammoth Energy Services from a hold rating to a sell rating in a report on Thursday, November 1st. BidaskClub upgraded Mammoth Energy Services from a hold rating to a buy rating in a report on Friday, September 14th. Piper Jaffray Companies restated an overweight rating and set a $45.00 target price on shares of Mammoth Energy Services in a report on Monday, August 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their target price on Mammoth Energy Services from $36.00 to $38.00 and gave the stock an outperform rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Mammoth Energy Services has an average rating of Buy and an average price target of $37.00.
Shares of Mammoth Energy Services stock opened at $27.16 on Friday. The company has a market cap of $1.21 billion, a PE ratio of 19.13 and a beta of 0.97. Mammoth Energy Services has a 1-year low of $16.88 and a 1-year high of $42.30.
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 Thomson Reuters’ consensus estimate of $1.06 by $0.48. The business had revenue of $384.00 million for the quarter, compared to analysts’ expectations of $473.89 million. Mammoth Energy Services had a return on equity of 44.86% and a net margin of 13.12%. The business’s revenue for the quarter was up 157.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) EPS. Research analysts predict that Mammoth Energy Services will post 4.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 8th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio is presently 35.21%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TUSK. Winslow Evans & Crocker Inc. acquired a new position in Mammoth Energy Services in the second quarter valued at approximately $122,000. SG Americas Securities LLC acquired a new position in Mammoth Energy Services in the second quarter valued at approximately $141,000. Meeder Asset Management Inc. lifted its holdings in Mammoth Energy Services by 285.5% in the second quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock valued at $142,000 after acquiring an additional 3,101 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in Mammoth Energy Services in the second quarter valued at approximately $158,000. Finally, Barclays PLC lifted its holdings in Mammoth Energy Services by 343.7% in the first quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock valued at $182,000 after acquiring an additional 4,385 shares during the last quarter. Hedge funds and other 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.
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