Trade Report: Today, Mammoth Energy Services Inc (TUSK) Receives New Coverage from Analysts at Piper Jaffray Cos.

Today, Mammoth Energy Services Inc (TUSK) Receives New Coverage from Analysts at Piper Jaffray Cos.

Research analysts at Piper Jaffray Cos. started coverage on shares of Mammoth Energy Services Inc (NASDAQ:TUSK) in a research report issued on Tuesday. The brokerage set an “overweight” rating and a $16.50 price target on the stock. Piper Jaffray Cos.’s price target points to a potential upside of 12.40% from the stock’s current price.

Mammoth Energy Services (NASDAQ:TUSK) traded down 2.20% during trading on Tuesday, reaching $14.68. 41,143 shares of the company traded hands. The company’s 50-day moving average price is $14.01 and its 200 day moving average price is $14.01. 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.

In other news, Director Energy Corp Gulfport sold 76,250 shares of the business’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 SEC, which is accessible through the SEC website. Also, CFO Mark E. Layton bought 3,000 shares of the company’s stock in a transaction dated Wednesday, October 19th. The shares were acquired at an average price 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 in the company, valued at approximately $45,000. The disclosure for this purchase can be found here.

Mammoth Energy Services Company Profile

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