Barclays analyst David Anderson maintained a Buy rating on Mammoth Energy Services (TUSK) yesterday and set a price target of $22. The company’s shares closed yesterday at $17.77, close to its 52-week low of $16.81.
According to TipRanks.com, Anderson is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.8% and a 40.1% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Baker Hughes a GE company.
Currently, the analyst consensus on Mammoth Energy Services is a Moderate Buy with an average price target of $21, which is a 18.2% upside from current levels. In a report issued on March 18, Imperial Capital also maintained a Buy rating on the stock with a $24 price target.
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Based on Mammoth Energy Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $68.21 million. In comparison, last year the company had a net profit of $65.92 million.
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Mammoth Energy Services, Inc. engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following business segments: Pressure Pumping, Infrastructure, Natural Sand Proppant, and Other.
