Mark Lawrence Plaumann Buys 5,000 Shares of Mammoth Energy Services (NASDAQ:TUSK) Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Mark Lawrence Plaumann purchased 5,000 shares of Mammoth Energy Services stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $15,000.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at $15,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Mammoth Energy Services Trading Down 1.2%

Shares of Mammoth Energy Services stock opened at $3.18 on Friday. Mammoth Energy Services, Inc. has a 12 month low of $1.72 and a 12 month high of $3.92. The firm has a market capitalization of $153.05 million, a P/E ratio of 159.00 and a beta of 1.18. The business has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $2.87.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Friday, August 7th. The energy company reported ($0.01) earnings per share for the quarter. The business had revenue of $26.05 million during the quarter. Mammoth Energy Services had a negative return on equity of 8.10% and a net margin of 0.98%.

Hedge Funds Weigh In On Mammoth Energy Services

Large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Mammoth Energy Services by 15.9% during the 1st quarter. Bank of America Corp DE now owns 25,589 shares of the energy company’s stock valued at $63,000 after purchasing an additional 3,517 shares during the last quarter. Archer Investment Corp bought a new position in shares of Mammoth Energy Services in the second quarter worth approximately $27,000. Susquehanna International Group LLP grew its holdings in shares of Mammoth Energy Services by 37.5% during the second quarter. Susquehanna International Group LLP now owns 49,920 shares of the energy company’s stock valued at $162,000 after buying an additional 13,621 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Mammoth Energy Services during the second quarter valued at approximately $45,000. Finally, Empowered Funds LLC increased its position in shares of Mammoth Energy Services by 10.2% during the first quarter. Empowered Funds LLC now owns 241,313 shares of the energy company’s stock valued at $591,000 after acquiring an additional 22,322 shares in the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Mammoth Energy Services has an average rating of “Sell”.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc (NASDAQ:TUSK) is an energy infrastructure and services company headquartered in Oklahoma City, Oklahoma. The company provides services to electric utilities, oil and gas producers, and other energy-related customers in the United States and Canada.

Its infrastructure services include the construction, maintenance, repair, and restoration of electric transmission and distribution systems, substations, and related facilities. Mammoth also provides engineering, procurement, and construction services, as well as emergency response and storm-recovery work for utility infrastructure.

Historically, the company has also operated businesses supporting oil and gas exploration and production.