Mammoth Energy initiated with a Buy at EF Hutton

EF Hutton initiated coverage of Mammoth Energy Services with a Buy rating and $7 price target. Mammoth is an integrated energy services company that provides services to the oil and gas and infrastructure sectors, the analyst tells investors in a research note. The analyst believes the company’s "extensive" energy services offerings provide it with "meaningful diversification and some protection against the cyclical nature of the oil industry."