Barclays analyst David Anderson maintained a Buy rating on Mammoth Energy Services (NASDAQ: TUSK) on May 4 and set a price target of $37. The company’s shares closed on Friday at $33.01, close to its 52-week high of $35.45.
According to TipRanks.com, Anderson is a 1-star analyst with an average return of -1.4% and a 42.9% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Oceaneering International, and Schlumberger Limited.
Mammoth Energy Services has an analyst consensus of Strong Buy, with a price target consensus of $32.50.
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The company has a one-year high of $35.45 and a one-year low of $10.88. Currently, Mammoth Energy Services has an average volume of 319.8K.
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Mammoth Energy Services, Inc. is an oilfield service company, which engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following business segments: Contract Land and Directional Drilling Services, Completion and Production Services, Completion and Production Natural Sand Proppant Production and Remote Accommodation Services. The Contract Land and Directional Drilling Services segment provides vertical, horizontal, and directional drilling services. The Completion and Production Services segment offers hydraulic fracturing, pressure control flow back, and equipment rental services. The Completion and Production Natural Sand Proppant Production segment produces and sells sand for use in hydraulic fracturing. The Remote Accommodation Services segment gives housing, kitchen and dining, and recreational service facilities for oilfield workers that are located in remote areas away from readily available lodging. The company was founded on June 20, 2016 and is headquartered in Oklahoma City, OK.
