Today, Mammoth Energy Services Inc (TUSK) Earns Buy Rating from Analysts at Wunderlich

Today, Mammoth Energy Services Inc (TUSK) Earns Buy Rating from Analysts at Wunderlich

Research analysts at Wunderlich started coverage on shares of Mammoth Energy Services Inc (NASDAQ:TUSK) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $21.00 price target on the stock. Wunderlich’s target price would indicate a potential upside of 43.05% from the company’s current price.

Separately, Piper Jaffray Cos. initiated coverage on shares of Mammoth Energy Services in a research note on Tuesday, November 8th. They issued an “overweight” rating and a $16.50 price target for the company. Five analysts have rated the stock with a buy rating, Mammoth Energy Services presently has a consensus rating of “Buy” and an average price target of $17.70.

Mammoth Energy Services (NASDAQ:TUSK) traded down 2.20% during mid-day trading on Tuesday, reaching $14.68. 41,143 shares of the company traded hands. The firm’s market capitalization is $550.50 million. Mammoth Energy Services has a 52 week low of $11.91 and a 52 week high of $15.35. The stock’s 50 day moving average price is $14.01 and its 200 day moving average price is $14.01.

In other news, Director Energy Corp Gulfport sold 76,250 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark E. Layton acquired 3,000 shares of Mammoth Energy Services stock in a transaction dated Wednesday, October 19th. The shares were bought at an average price of $15.00 per share, with a total value of $45,000.00. Following the transaction, the chief financial officer now directly owns 3,000 shares in the company, valued at approximately $45,000. The disclosure for this purchase can be found here.

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