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