Key Points
- Director Arthur Amron bought 10,000 shares on Dec. 11 at an average price of $1.89 ($18,900), bringing his holding to 57,135 shares — a 21.22% increase — as disclosed in an SEC filing.
- The company missed Q3 expectations (EPS $(0.25) vs. $(0.07) consensus; revenue $14.8M vs. $42.7M expected) and the stock trades near its 52‑week low (around $1.73) with a market cap of roughly $83M.
- Analysts' consensus is an average "Sell", while institutional investors own about 79.67% of the shares, with several firms (e.g., Adage, Bank of America) recently adjusting their stakes.
Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) Director Arthur Amron acquired 10,000 shares of the stock in a transaction on Thursday, December 11th. The stock was bought at an average cost of $1.89 per share, with a total value of $18,900.00. Following the completion of the transaction, the director owned 57,135 shares in the company, valued at $107,985.15. This trade represents a 21.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mammoth Energy Services Stock Down 2.3%
Shares of NASDAQ:TUSK opened at $1.73 on Tuesday. Mammoth Energy Services, Inc. has a 52-week low of $1.68 and a 52-week high of $3.52. The stock has a market cap of $83.37 million, a P/E ratio of -4.22 and a beta of 1.30. The business's 50 day moving average is $2.02 and its 200 day moving average is $2.36.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last issued its earnings results on Friday, October 31st. The energy company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Mammoth Energy Services had a negative return on equity of 25.09% and a negative net margin of 13.47%.The firm had revenue of $14.80 million during the quarter, compared to analysts' expectations of $42.70 million.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Mammoth Energy Services in a report on Monday, December 1st. Wall Street Zen raised shares of Mammoth Energy Services to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".
View Our Latest Stock Analysis on TUSK
Institutional Investors Weigh In On Mammoth Energy Services
A number of institutional investors have recently added to or reduced their stakes in TUSK. Bank of America Corp DE grew its stake in Mammoth Energy Services by 45.8% in the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company's stock valued at $69,000 after purchasing an additional 7,192 shares during the last quarter. Nuveen LLC purchased a new position in shares of Mammoth Energy Services in the 1st quarter worth approximately $75,000. Wellington Management Group LLP raised its stake in shares of Mammoth Energy Services by 24.7% during 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 stake in shares of Mammoth Energy Services by 1.2% during 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 position in Mammoth Energy Services by 8.9% during the first quarter. Empowered Funds LLC now owns 159,685 shares of the energy company's stock valued at $326,000 after acquiring an additional 13,111 shares during the last quarter. Institutional investors own 79.67% of the company's stock.
About Mammoth Energy Services
(
Get Free Report)
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.
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