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UPDATE 1-U.S. House questions FEMA over Puerto Rico power contracts [Reuters]
Last mammoth energy services earnings: 10/31 03:57 pm
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US:NASDAQ Investor Relations: ir.mammothenergy.com
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UPDATE 1-U.S. House questions FEMA over Puerto Rico power contracts | Reuters Reuters Staff 2 Min Read (Adds details throughout) By Roberta Rampton WASHINGTON, Nov 1 (Reuters) - The U.S. House of Representatives’ energy committee on Wednesday said it wants the Federal Emergency Management Agency (FEMA) to explain how it is overseeing contracts for rebuilding Puerto Rico’s power grid after it was devastated by Hurricane Maria. In a letter to FEMA, the committee raised questions about contracts between Puerto Rico’s Electric Power Authority (PREPA) and two companies: Whitefish Energy Holdings and Cobra Acquisitions LLC, a subsidiary of Mammoth Energy Services Inc . Six weeks after the hurricane swept across the island territory, two-thirds of its residents are still without power. The committee said “federal leadership and strategic coordination” is needed to restore power, and outlined a series of concerns about the role played so far by FEMA. On Sunday, Puerto Rican Governor Ricardo R
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- Mammoth Energy Services Inc (NASDAQ: TUSK) was downgraded by analysts at BidaskClub from a "buy" rating to a "hold" rating.[MarketBeat]
- Mammoth Energy Services Inc (NASDAQ: TUSK) was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating.[MarketBeat]
- Mammoth Energy Services Inc (NASDAQ: TUSK) was upgraded by analysts at BidaskClub from a "hold" rating to a "buy" rating.[MarketBeat]
- Mammoth Energy Services Inc (NASDAQ: TUSK) was given a new $37.00 price target on by analysts at Piper Jaffray Companies. They now have a "buy" rating on the stock.[MarketBeat]
- Mammoth Energy Services Inc (NASDAQ: TUSK) was given a new $44.00 price target on by analysts at Barclays PLC. They now have a "buy" rating on the stock.[MarketBeat]
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TUSK
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