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Can Mammoth Energy Services (TUSK) Stock Reach $3.90?

a provider of oilfield services

TUSK
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A.I.Advisor
Nov 01, 2026

Can Mammoth Energy Services (TUSK) Stock Reach $3.90?

Key Takeaways

  • The central price objective used here is $3.90, drawn from public discussion and a clear technical milestone — the stock's 52-week high zone near $3.92 — rather than an analyst consensus, because analyst coverage is too thin to form a meaningful average.
  • The latest verified market price is roughly $3.18, meaning reaching $3.90 would require an upside move of about 23%.
  • Published analyst coverage is minimal: MarketBeat lists a single "Sell" rating with no published price target, while older data points to a lone target near $6.65 (Investing.com) or $6.00 (Benzinga) that predates the company's major 2025 restructuring.
  • The strongest supports are a debt-free balance sheet, a large cash position, the collected Puerto Rico (PREPA) settlement proceeds, and a fast-growing aviation rental business.
  • The biggest risks are heavy customer concentration, oil and gas cyclicality, a still-pending $20 million PREPA receivable, and very limited sell-side attention.
  • For more detail on this ticker's Major News, Today's Price Move, Forecast, and Earnings, explore Tickeron's dedicated pages for the stock.
  • You can also explore Trending AI Robots to see AI-driven trading strategies applied across the market.

How the Target Was Established

Mammoth Energy Services, Inc. (TUSK) is a small-cap, Oklahoma City-based integrated energy services company spanning oilfield services, sand proppant, accommodations, drilling, and — increasingly — aviation and equipment rentals. Because it is thinly covered, it does not meet the bar for a reliable average analyst price target. MarketBeat reports a consensus rating of "Sell" based on a single analyst and no published price target, while a lone, clearly dated figure near $6.65 appears in older aggregator data. That number predates the company's transformative 2025 divestitures and is not a credible current anchor.

For this reason, the $3.90 objective comes from public discussion and technical market structure rather than an analyst consensus. It corresponds to the stock's 52-week high area of about $3.92 — a level that, if reclaimed, would represent a breakout above the prior trading range. This is a realistic but not guaranteed objective, not a forecast.

Current Market Position and Path Toward the Target

With shares recently trading near $3.18, reaching $3.90 would require a rise of roughly 23%, a move best described as substantial for a company of this size. The stock has already rebounded sharply from its 52-week low of about $1.72 and has traded in a wide range, reflecting the company's ongoing transformation. In 2025, Mammoth sold its transmission-and-distribution infrastructure subsidiaries (a transaction valued at roughly $108.7 million), divested hydraulic fracturing equipment, and exited pressure pumping, cutting reported revenue sharply while shifting the portfolio toward rentals and aviation.

The path toward a higher price depends on whether the market begins to value the company's restructured, debt-free balance sheet and its aviation-leveraged rental growth, rather than the legacy oilfield services profile it is leaving behind.

What Could Support a Move Toward the Target

  • Debt-free, cash-rich balance sheet. After paying off its term credit facility in late 2024, Mammoth ended 2025 with about $102 million in cash and no outstanding debt, with additional liquidity tied to the PREPA settlement.
  • PREPA settlement collections. The company's Cobra subsidiary reached a settlement with the Puerto Rico Electric Power Authority, receiving a $150 million installment plus an $18.4 million FEMA-related tranche, with roughly $20 million still contingent on PREPA's plan of adjustment.
  • Aviation rental growth. Mammoth has deployed more than $100 million into its aviation fleet since 2025, and management has positioned rentals — aviation and equipment — as the primary growth engine, with sequential adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) improvement in 2026.
  • Balance-sheet valuation. Management has stated the board views the stock as trading below intrinsic value given its cash, marketable securities, and aviation assets, and the company has initiated modest share repurchases.

What Could Prevent the Target From Being Reached

  • Customer concentration. The top five customers accounted for roughly 55% of 2025 revenue, leaving results sensitive to a small number of relationships.
  • Commodity cyclicality. Demand for sand proppant, drilling, and completions services tracks oil and natural gas prices and rig counts, which can weaken abruptly.
  • Pending PREPA receivable. About $20 million remains contingent on Puerto Rico's bankruptcy process and municipal appeals; failure to collect would pressure liquidity expectations.
  • Asset and impairment risk. The aviation and proppant assets carry obsolescence and impairment risk, and a prior $31.7 million impairment was recorded on proppant assets held for sale.
  • Thin coverage and sentiment. With essentially one bearish rating and no current published price target, the stock lacks the analyst sponsorship that often supports a re-rating.

Technical Levels and Market Structure

The most meaningful technical reference points are the 52-week high near $3.92 — the objective underlying this article — and the 52-week low near $1.72. The $3.90–$3.92 area functions as a resistance level because it marks the upper boundary of the stock's recent range. A decisive move above it could signal a structural shift, while repeated failure at that zone would reinforce it as a ceiling. Below, the stock has built support as it recovered from the low $1.70s.

Time Horizon and What Investors Should Monitor

Because the $3.90 level is a technical milestone rather than a formal analyst target, there is no fixed research horizon attached to it; progress should be judged against the company's operational milestones instead. Investors should watch quarterly earnings and guidance, the pace of aviation fleet deployment and utilization, the collection of the remaining $20 million PREPA receivable, oil and natural gas price trends and rig counts, and any change in the one-analyst rating or emergence of new coverage. Share repurchases and any additional divestitures also bear watching.

AI Daily Buy/Sell Signals

Tickeron's AI Daily Buy/Sell Signals use artificial intelligence to continuously monitor thousands of stocks and ETFs, generating Buy, Sell, or Hold signals based on changing market conditions, technical behavior, and AI-driven analysis. For a thinly covered, volatile name like TUSK, these signals can help traders discover opportunities, monitor positions, and spot changing trends more efficiently than relying on sporadic analyst updates alone. Traders looking to stay ahead of shifts in momentum can explore these signals as part of a broader research routine.

Final Assessment

Reaching $3.90 would require Mammoth Energy Services shares to climb roughly 23% from recent levels near $3.18 — a substantial but not implausible move that essentially depends on the stock reclaiming its 52-week high. The target is grounded in technical structure rather than analyst consensus, which is effectively unavailable for this company. The bullish case rests on a debt-free, cash-rich balance sheet, collected PREPA proceeds, and aviation-led growth, while the bearish case points to customer concentration, commodity cyclicality, a pending $20 million receivable, and minimal analyst sponsorship. The key test ahead is whether the stock can break and hold above the $3.90–$3.92 resistance zone on improving fundamentals. No outcome is guaranteed, and investors should weigh both sides before drawing conclusions.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

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TUSK and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, TUSK has been loosely correlated with MLI. These tickers have moved in lockstep 37% of the time. This A.I.-generated data suggests there is some statistical probability that if TUSK jumps, then MLI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TUSK
1D Price
Change %
TUSK100%
+9.28%
MLI - TUSK
37%
Loosely correlated
-2.19%
IIIN - TUSK
33%
Poorly correlated
-1.76%
MEC - TUSK
31%
Poorly correlated
-0.60%
ATI - TUSK
30%
Poorly correlated
-5.38%
PRLB - TUSK
27%
Poorly correlated
-11.27%
More

Groups containing TUSK

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TUSK
1D Price
Change %
TUSK100%
+9.28%
Industrial Conglomerates
industry (29 stocks)
11%
Poorly correlated
-1.46%
Producer Manufacturing
industry (348 stocks)
-1%
Poorly correlated
-2.85%
Can Mammoth Energy Services (TUSK) Stock Reach $3.90?