Arty Straehla Sells 25,842 Shares of Mammooth Energy (TUSK) Stock
Mammooth Energy (NASDAQ:TUSK) CEO Arty Straehla sold 25,842 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $18.45, for a total value of $476,784.90. Following the sale, the chief executive officer now owns 231,711 shares in the company, valued at approximately $4,275,067.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mammooth Energy (NASDAQ TUSK) opened at $19.03 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. Mammooth Energy has a one year low of $10.88 and a one year high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last issued its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.46%. The firm had revenue of $149.30 million for the quarter, compared to analyst estimates of $129.58 million. The firm’s revenue was up 135.9% compared to the same quarter last year. research analysts predict that Mammooth Energy will post 0.14 earnings per share for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Mammooth Energy by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,834 shares of the energy company’s stock valued at $555,000 after acquiring an additional 171 shares during the period. Teachers Advisors LLC lifted its stake in Mammooth Energy by 13.6% in the second quarter. Teachers Advisors LLC now owns 15,060 shares of the energy company’s stock valued at $280,000 after buying an additional 1,808 shares during the period. Northern Trust Corp lifted its stake in Mammooth Energy by 2.2% in the second quarter. Northern Trust Corp now owns 92,303 shares of the energy company’s stock valued at $1,717,000 after buying an additional 1,996 shares during the period. 1st Global Advisors Inc. lifted its stake in Mammooth Energy by 11.0% in the second quarter. 1st Global Advisors Inc. now owns 28,843 shares of the energy company’s stock valued at $536,000 after buying an additional 2,869 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Mammooth Energy by 5.9% in the second quarter. Victory Capital Management Inc. now owns 71,943 shares of the energy company’s stock valued at $1,338,000 after buying an additional 3,986 shares during the period. 74.16% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on TUSK. Credit Suisse Group increased their target price on Mammooth Energy from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. ValuEngine upgraded Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Mammooth Energy from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, October 26th. Imperial Capital increased their target price on Mammooth Energy from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Finally, Jefferies Group LLC assumed coverage on Mammooth Energy in a report on Thursday, October 5th. They set a “hold” rating and a $18.00 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Mammooth Energy has a consensus rating of “Buy” and an average target price of $23.90.
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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