Mammoth Energy Services Inc (NASDAQ:TUSK) CEO Arty Straehla sold 36,611 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $26.71, for a total value of $977,879.81. Following the transaction, the chief executive officer now owns 199,007 shares in the company, valued at $5,315,476.97. The sale was disclosed in a document filed with the SEC, which is available at this link.

Arty Straehla also recently made the following trade(s):

  • On Monday, November 12th, Arty Straehla sold 2,230 shares of Mammoth Energy Services stock. The shares were sold at an average price of $26.20, for a total value of $58,426.00.

Shares of Mammoth Energy Services stock opened at $25.23 on Friday. Mammoth Energy Services Inc has a 1 year low of $16.88 and a 1 year high of $42.30. The firm has a market cap of $1.16 billion, a PE ratio of 17.77 and a beta of 0.97.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.48. Mammoth Energy Services had a return on equity of 42.51% and a net margin of 13.12%. The firm had revenue of $384.00 million during the quarter, compared to analyst estimates of $473.89 million. During the same period last year, the firm posted ($0.02) EPS. The business’s revenue was up 157.2% compared to the same quarter last year. As a group, sell-side analysts predict that Mammoth Energy Services Inc will post 4.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 8th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.98%. The ex-dividend date was Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio (DPR) is currently 35.21%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Mammoth Energy Services by 13.4% in the 3rd quarter. BlackRock Inc. now owns 778,113 shares of the energy company’s stock worth $22,642,000 after acquiring an additional 92,155 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Mammoth Energy Services by 441.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 743,870 shares of the energy company’s stock worth $21,645,000 after acquiring an additional 606,457 shares during the last quarter. Millennium Management LLC increased its holdings in Mammoth Energy Services by 12.4% in the 2nd quarter. Millennium Management LLC now owns 622,038 shares of the energy company’s stock worth $21,124,000 after acquiring an additional 68,786 shares during the last quarter. Penn Capital Management Co. Inc. increased its holdings in Mammoth Energy Services by 41.5% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 506,562 shares of the energy company’s stock worth $17,225,000 after acquiring an additional 148,481 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Mammoth Energy Services by 110.1% in the 3rd quarter. Prudential Financial Inc. now owns 488,025 shares of the energy company’s stock worth $14,201,000 after acquiring an additional 255,771 shares during the last quarter. 82.35% of the stock is owned by institutional investors.

Several equities analysts have weighed in on TUSK shares. BidaskClub upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Barclays set a $44.00 target price on Mammoth Energy Services and gave the company a “buy” rating in a research report on Saturday, November 3rd. Piper Jaffray Companies set a $37.00 target price on Mammoth Energy Services and gave the company a “buy” rating in a research report on Tuesday, November 6th. ValuEngine lowered Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research raised Mammoth Energy Services from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.00.

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About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

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