Mammoth Energy (TUSK) PT Raised to $20 at Imperial Capital

Imperial Capital raised its price target on Mammoth Energy (NASDAQ: TUSK) to $20.00 (from $16.00) while maintaining a Outperform rating.

Analyst Jason Wangler says the company is creating value in a tight marketplace by focusing on pressure pumping, sand, and logistics. The analyst comments that a recent meeting with management left him more confident regarding the company focus on returning capital, vertical integration and strong financial positioning. Wangler bases the new PT on 6x 2018 estimate EV/EBITDA peer group multiple which is above the 5x multiple the stock currently trades at.

FY 2017 EPS estimate is for ($0.07) and FY 2018 EPS estimate rises from $0.94 to $0.97.

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