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.
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.
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.
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