Mammoth Energy Services (NASDAQ:TUSK) Director Arthur Amron Purchases 10,000 Shares

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Arthur Amron bought 10,000 shares of Mammoth Energy Services stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $1.89 per share, for a total transaction of $18,900.00. Following the acquisition, the director owned 57,135 shares in the company, valued at approximately $107,985.15. This represents a 21.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mammoth Energy Services Stock Performance

Shares of Mammoth Energy Services stock traded down $0.04 during trading on Monday, reaching $1.73. 1,103,845 shares of the company’s stock were exchanged, compared to its average volume of 137,799. Mammoth Energy Services, Inc. has a 1-year low of $1.68 and a 1-year high of $3.52. The company has a market cap of $83.38 million, a P/E ratio of -4.22 and a beta of 1.30. The firm’s 50-day moving average price is $2.04 and its 200 day moving average price is $2.36.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Friday, October 31st. The energy company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $14.80 million during the quarter, compared to the consensus estimate of $42.70 million. Mammoth Energy Services had a negative net margin of 13.47% and a negative return on equity of 25.09%.

Institutional Investors Weigh In On Mammoth Energy Services

Large investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in Mammoth Energy Services by 45.8% during the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock worth $69,000 after buying an additional 7,192 shares during the last quarter. Nuveen LLC acquired a new stake in Mammoth Energy Services during the 1st quarter worth about $75,000. Wellington Management Group LLP raised its position in shares of Mammoth Energy Services by 24.7% in the 1st quarter. Wellington Management Group LLP now owns 61,799 shares of the energy company’s stock worth $126,000 after acquiring an additional 12,238 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Mammoth Energy Services by 1.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 4,150,000 shares of the energy company’s stock worth $8,466,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Mammoth Energy Services by 8.9% in the 1st quarter. Empowered Funds LLC now owns 159,685 shares of the energy company’s stock valued at $326,000 after purchasing an additional 13,111 shares during the period. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TUSK has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mammoth Energy Services in a research report on Monday, December 1st. Wall Street Zen raised shares of Mammoth Energy Services to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.