Insider Buying: Mammoth Energy Services (NASDAQ:TUSK) Director Purchases $15,000.00 in Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Mark Lawrence Plaumann acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of $3.00 per share, for a total transaction of $15,000.00. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mammoth Energy Services Stock Up 7.0%

TUSK traded up $0.21 during trading on Thursday, hitting $3.23. The company had a trading volume of 154,551 shares, compared to its average volume of 281,165. The company has a market capitalization of $155.45 million, a PE ratio of 161.50 and a beta of 1.18. Mammoth Energy Services, Inc. has a one year low of $1.72 and a one year high of $3.92. The firm’s 50-day moving average price is $3.00 and its 200 day moving average price is $2.86.

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Mammoth Energy Services

A number of large investors have recently modified their holdings of TUSK. AXQ Capital LP bought a new position in shares of Mammoth Energy Services in the 2nd quarter valued at about $45,000. Round Rock Advisors LLC bought a new stake in Mammoth Energy Services during the second quarter worth about $497,000. Susquehanna International Group LLP boosted its position in 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 purchasing an additional 13,621 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Mammoth Energy Services during the second quarter valued at approximately $108,000. Finally, Archer Investment Corp bought a new position in Mammoth Energy Services in the second quarter valued at approximately $27,000. 79.67% of the stock is currently owned by institutional investors and hedge funds.

About Mammoth Energy Services

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.