Credit Suisse Group AG Begins Coverage on Mammoth Energy Services Inc (TUSK)
Credit Suisse Group AG assumed coverage on shares of Mammoth Energy Services Inc (NASDAQ:TUSK) in a research note published on Tuesday. The firm issued an outperform rating and a $16.00 price objective on the stock.
Several other research firms also recently commented on TUSK. Piper Jaffray Cos. started coverage on Mammoth Energy Services in a research note on Tuesday. They issued an overweight rating and a $16.50 price objective on the stock. Wunderlich started coverage on Mammoth Energy Services in a research note on Tuesday. They issued a buy rating and a $21.00 price objective on the stock.
Shares of Mammoth Energy Services (NASDAQ:TUSK) opened at 13.45 on Tuesday. The firm has a 50 day moving average price of $13.74 and a 200 day moving average price of $13.74. Mammoth Energy Services has a one year low of $11.91 and a one year high of $15.00. The company’s market capitalization is $403.50 million.
In other 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 value of $1,072,075.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark E. Layton purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 19th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $45,000.00. Following the acquisition, the chief financial officer now owns 3,000 shares of the company’s stock, 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.
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