Mammoth Energy Services (TUSK) Given a $37.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $37.00 price target on Mammoth Energy Services (NASDAQ:TUSK) in a research report sent to investors on Tuesday. The brokerage currently has a buy rating on the energy company’s stock. Piper Jaffray Companies also issued estimates for Mammoth Energy Services’ Q4 2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $0.83 EPS, FY2019 earnings at $3.59 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.64 EPS and FY2020 earnings at $2.47 EPS.

A number of other brokerages have also recently issued reports on TUSK. BidaskClub raised shares of Mammoth Energy Services from a buy rating to a strong-buy rating in a report on Friday, August 3rd. Barclays set a $44.00 target price on shares of Mammoth Energy Services and gave the company a buy rating in a report on Saturday, November 3rd. Raymond James cut shares of Mammoth Energy Services from an outperform rating to a market perform rating and set a $18.00 target price for the company. in a report on Friday, August 24th. ValuEngine cut shares of Mammoth Energy Services from a hold rating to a sell rating in a report on Thursday, November 1st. Finally, Credit Suisse Group raised their price objective on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the stock an outperform rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $37.00.

Mammoth Energy Services stock traded down $0.51 during mid-day trading on Tuesday, reaching $26.17. The company had a trading volume of 1,918 shares, compared to its average volume of 271,570. Mammoth Energy Services has a 1 year low of $16.88 and a 1 year high of $42.30. The stock has a market cap of $1.22 billion, a PE ratio of 18.38 and a beta of 0.97.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.48. Mammoth Energy Services had a net margin of 13.12% and a return on equity of 42.51%. The company had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $473.89 million. During the same period last year, the company posted ($0.02) earnings per share. The firm’s quarterly revenue was up 157.2% compared to the same quarter last year. On average, research analysts predict that Mammoth Energy Services will post 4.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.91%. Mammoth Energy Services’s dividend payout ratio (DPR) is 35.21%.

Institutional investors and hedge funds have recently modified their holdings of the company. Winslow Evans & Crocker Inc. purchased a new position in shares of Mammoth Energy Services during the 2nd quarter worth approximately $122,000. SG Americas Securities LLC purchased a new position in shares of Mammoth Energy Services during the 2nd quarter worth approximately $141,000. Meeder Asset Management Inc. increased its stake in shares of Mammoth Energy Services by 285.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after purchasing an additional 3,101 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in Mammoth Energy Services during the second quarter worth approximately $158,000. Finally, Barclays PLC boosted its position in Mammoth Energy Services by 343.7% during the first quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after acquiring an additional 4,385 shares during the last quarter. 82.50% of the stock is owned by institutional investors and hedge funds.

About Mammoth Energy Services

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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