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.
About Mammoth Energy Services