Target Hospitality (NASDAQ:TH) Upgraded at Oppenheimer

Oppenheimer upgraded shares of Target Hospitality (NASDAQ:TH) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm currently has $11.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Monday, December 29th. Wall Street Zen cut shares of Target Hospitality from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Stifel Nicolaus set a $11.00 price objective on shares of Target Hospitality in a research report on Wednesday, March 11th. Finally, Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Target Hospitality Trading Down 1.0%

Shares of NASDAQ TH opened at $9.10 on Tuesday. Target Hospitality has a 12-month low of $5.72 and a 12-month high of $9.90. The stock’s fifty day simple moving average is $7.66 and its two-hundred day simple moving average is $7.82. The stock has a market capitalization of $908.00 million, a PE ratio of -23.95 and a beta of 1.36.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $89.78 million during the quarter, compared to the consensus estimate of $85.20 million. Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%. On average, equities analysts predict that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Target Hospitality

In other Target Hospitality news, EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total value of $66,060.00. Following the completion of the sale, the executive vice president directly owned 131,742 shares in the company, valued at approximately $966,986.28. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 68.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Target Hospitality

A number of large investors have recently modified their holdings of the business. IFP Advisors Inc increased its holdings in Target Hospitality by 88.0% in the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after buying an additional 1,873 shares during the period. Russell Investments Group Ltd. lifted its stake in Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after acquiring an additional 2,465 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Target Hospitality in the 3rd quarter valued at $44,000. Tripletail Wealth Management LLC purchased a new stake in shares of Target Hospitality in the 3rd quarter valued at $55,000. Finally, AdvisorShares Investments LLC increased its stake in shares of Target Hospitality by 17.9% in the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after acquiring an additional 1,798 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.