MAMMOOTH ENERGY (TUSK) Director Acquires $76,500.00 in Stock
MAMMOOTH ENERGY (NASDAQ:TUSK) Director James D. Palm bought 6,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $12.75 per share, for a total transaction of $76,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
MAMMOOTH ENERGY (NASDAQ:TUSK) opened at 13.51 on Thursday. The company has a 50 day moving average price of $14.09 and a 200-day moving average price of $17.86. The firm has a market capitalization of $601.22 million and a price-to-earnings ratio of 145.27. MAMMOOTH ENERGY has a 1-year low of $10.88 and a 1-year high of $24.54.
MAMMOOTH ENERGY (NASDAQ:TUSK) last released its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm had revenue of $98.26 million for the quarter, compared to analysts’ expectations of $92.14 million. MAMMOOTH ENERGY had a negative return on equity of 3.04% and a negative net margin of 21.65%. The business’s quarterly revenue was up 42.1% on a year-over-year basis. On average, analysts forecast that MAMMOOTH ENERGY will post ($0.05) EPS for the current fiscal year.
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A number of research firms have issued reports on TUSK. Zacks Investment Research upgraded MAMMOOTH ENERGY from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Imperial Capital began coverage on MAMMOOTH ENERGY in a research report on Friday, August 18th. They issued an “outperform” rating and a $16.00 target price on the stock. R. F. Lafferty began coverage on MAMMOOTH ENERGY in a research report on Wednesday, June 14th. They issued a “buy” rating and a $37.00 target price on the stock. Barclays PLC cut MAMMOOTH ENERGY from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $26.00 to $17.00 in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $19.00 target price (down previously from $22.00) on shares of MAMMOOTH ENERGY in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.55.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. acquired a new position in MAMMOOTH ENERGY during the first quarter worth approximately $103,000. Royce & Associates LP acquired a new position in MAMMOOTH ENERGY during the first quarter worth approximately $168,000. GSA Capital Partners LLP acquired a new position in MAMMOOTH ENERGY during the second quarter worth approximately $191,000. Nationwide Fund Advisors boosted its position in MAMMOOTH ENERGY by 283.0% in the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after buying an additional 7,593 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in MAMMOOTH ENERGY during the first quarter worth approximately $233,000. 73.44% of the stock is currently owned by hedge funds and other institutional investors.
MAMMOOTH ENERGY Company Profile
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
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