Mammoth Energy Services Inc (TUSK) Coverage Initiated at Wunderlich
Analysts at Wunderlich assumed coverage on shares of Mammoth Energy Services Inc (NASDAQ:TUSK) in a report issued on Tuesday. The brokerage set a “buy” rating and a $21.00 price target on the stock. Wunderlich’s target price would suggest a potential upside of 56.60% from the stock’s previous close.
Separately, Piper Jaffray Cos. initiated coverage on shares of Mammoth Energy Services in a research report on Tuesday. They set an “overweight” rating and a $16.50 price target for the company.
Shares of Mammoth Energy Services (NASDAQ:TUSK) opened at 13.41 on Tuesday. The firm has a 50-day moving average price of $13.75 and a 200-day moving average price of $13.75. Mammoth Energy Services has a 1-year low of $11.91 and a 1-year high of $15.00. The firm’s market capitalization is $402.30 million.
In related news, Director Energy Corp Gulfport sold 76,250 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $14.06, for a total transaction of $1,072,075.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Layton purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 19th. The shares were acquired at an average cost of $15.00 per share, with a total value of $45,000.00. Following the completion of the transaction, the chief financial officer now owns 3,000 shares in the company, valued at approximately $45,000. The disclosure for this purchase can be found here.
About Mammoth Energy Services
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
Receive News & Stock Ratings for Mammoth Energy Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mammoth Energy Services Inc and related stocks with our FREE daily email newsletter.