Key Points
- Director Mark Lawrence Plaumann bought 5,000 Mammoth Energy Services shares at $3.00 each, investing $15,000 and establishing a direct ownership position of 5,000 shares.
- Mammoth Energy Services shares opened at $3.22, with a market capitalization of approximately $155 million and a 52-week trading range of $1.72 to $3.92. The company reported a quarterly loss of $0.01 per share on revenue of $26.05 million.
- Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell,” while the company is 79.67% institutionally owned.
Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) Director Mark Lawrence Plaumann acquired 5,000 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was purchased at an average cost of $3.00 per share, with a total value of $15,000.00. Following the acquisition, the director directly owned 5,000 shares of the company's stock, valued at $15,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Mammoth Energy Services Stock Performance
Shares of Mammoth Energy Services stock opened at $3.22 on Friday. The firm has a 50-day simple moving average of $3.00 and a two-hundred day simple moving average of $2.87. Mammoth Energy Services, Inc. has a fifty-two week low of $1.72 and a fifty-two week high of $3.92. The company has a market cap of $154.98 million, a P/E ratio of 161.00 and a beta of 1.18.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last released its quarterly 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%.
Institutional Investors Weigh In On Mammoth Energy Services
Several large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Mammoth Energy Services by 15.9% during the first quarter. Bank of America Corp DE now owns 25,589 shares of the energy company's stock worth $63,000 after acquiring an additional 3,517 shares during the last quarter. Archer Investment Corp purchased a new stake in shares of Mammoth Energy Services in the second quarter valued at approximately $27,000. Susquehanna International Group LLP grew its position in shares of Mammoth Energy Services by 37.5% in the second quarter. Susquehanna International Group LLP now owns 49,920 shares of the energy company's stock valued at $162,000 after purchasing an additional 13,621 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Mammoth Energy Services in the second quarter valued at approximately $45,000. Finally, Empowered Funds LLC increased its holdings in shares of Mammoth Energy Services by 10.2% in the first quarter. Empowered Funds LLC now owns 241,313 shares of the energy company's stock valued at $591,000 after purchasing an additional 22,322 shares during the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Mammoth Energy Services from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".
View Our Latest Stock Report on Mammoth Energy Services
Mammoth Energy Services Company Profile
(
Get Free Report)
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.
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