Mammoth Energy Services’ (TUSK) “Hold” Rating Reiterated at Jefferies Group

Jefferies Group restated their hold rating on shares of Mammoth Energy Services (NASDAQ:TUSK) in a report released on Wednesday. The firm currently has a $30.00 target price on the energy company’s stock. Jefferies Group also issued estimates for Mammoth Energy Services’ Q2 2018 earnings at $1.61 EPS, Q3 2018 earnings at $1.52 EPS, Q4 2018 earnings at $1.34 EPS and FY2018 earnings at $6.00 EPS.

TUSK has been the subject of several other reports. Imperial Capital restated an outperform rating and issued a $33.00 price objective (up from $30.00) on shares of Mammoth Energy Services in a research note on Thursday, March 1st. Barclays upgraded Mammoth Energy Services from an equal weight rating to an overweight rating and upped their price objective for the stock from $19.00 to $30.00 in a research note on Tuesday, February 27th. BidaskClub upgraded Mammoth Energy Services from a buy rating to a strong-buy rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered Mammoth Energy Services from a buy rating to a hold rating in a research note on Thursday, December 7th. Finally, Credit Suisse Group reiterated an outperform rating and issued a $31.00 price target (up previously from $27.00) on shares of Mammoth Energy Services in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Mammoth Energy Services has an average rating of Buy and a consensus price target of $31.50.

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NASDAQ:TUSK opened at $33.53 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1,487.05, a PE ratio of 23.61 and a beta of 0.27. Mammoth Energy Services has a one year low of $10.88 and a one year high of $35.45.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.54 EPS for the quarter, topping the consensus estimate of $0.52 by $1.02. The firm had revenue of $368.96 million during the quarter, compared to analyst estimates of $368.41 million. Mammoth Energy Services had a return on equity of 14.30% and a net margin of 8.54%. sell-side analysts expect that Mammoth Energy Services will post 4.5 EPS for the current fiscal year.

In other Mammoth Energy Services news, CFO Mark E. Layton sold 4,373 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $26.13, for a total value of $114,266.49. Following the completion of the sale, the chief financial officer now owns 52,702 shares in the company, valued at approximately $1,377,103.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

A number of hedge funds have recently modified their holdings of TUSK. State Street Corp increased its stake in Mammoth Energy Services by 17.4% in the 2nd quarter. State Street Corp now owns 114,246 shares of the energy company’s stock worth $2,127,000 after buying an additional 16,965 shares in the last quarter. Sei Investments Co. increased its stake in Mammoth Energy Services by 17.0% in the 3rd quarter. Sei Investments Co. now owns 36,875 shares of the energy company’s stock worth $622,000 after buying an additional 5,355 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Mammoth Energy Services by 49.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 165,702 shares of the energy company’s stock valued at $2,794,000 after purchasing an additional 54,477 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Mammoth Energy Services by 32.3% during the 3rd quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock valued at $2,873,000 after purchasing an additional 41,600 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Mammoth Energy Services by 34.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock valued at $53,568,000 after purchasing an additional 813,284 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

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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.

Analyst Recommendations for Mammoth Energy Services (NASDAQ:TUSK)

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