James D. Palm Buys 6,000 Shares of MAMMOOTH ENERGY (TUSK) Stock
MAMMOOTH ENERGY (NASDAQ:TUSK) Director James D. Palm bought 6,000 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $12.75 per share, with a total value of $76,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of MAMMOOTH ENERGY (TUSK) opened at 13.42 on Wednesday. The firm has a market cap of $597.22 million and a PE ratio of 144.30. The company’s 50-day moving average is $14.09 and its 200-day moving average is $17.86. MAMMOOTH ENERGY has a 52 week low of $10.88 and a 52 week high of $24.54.
MAMMOOTH ENERGY (NASDAQ:TUSK) last issued its earnings results on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $98.26 million during the quarter, compared to analyst estimates of $92.14 million. MAMMOOTH ENERGY had a negative return on equity of 3.04% and a negative net margin of 21.65%. The firm’s revenue was up 42.1% compared to the same quarter last year. Analysts forecast that MAMMOOTH ENERGY will post ($0.05) EPS for the current fiscal year.
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TUSK has been the subject of several research analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $18.00 target price (down previously from $25.00) on shares of MAMMOOTH ENERGY in a report on Tuesday, August 8th. They noted that the move was a valuation call. R. F. Lafferty initiated coverage on shares of MAMMOOTH ENERGY in a report on Wednesday, June 14th. They issued a “buy” rating and a $37.00 target price for the company. Zacks Investment Research cut shares of MAMMOOTH ENERGY from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Piper Jaffray Companies restated a “buy” rating and issued a $19.00 target price (down previously from $22.00) on shares of MAMMOOTH ENERGY in a report on Wednesday, July 12th. Finally, Barclays PLC cut shares of MAMMOOTH ENERGY from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $26.00 to $17.00 in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. MAMMOOTH ENERGY has a consensus rating of “Buy” and an average target price of $22.55.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. purchased a new position in shares of MAMMOOTH ENERGY during the second quarter worth approximately $525,000. 1st Global Advisors Inc. raised its position in shares of MAMMOOTH ENERGY by 11.0% in the second quarter. 1st Global Advisors Inc. now owns 28,843 shares of the energy company’s stock worth $536,000 after buying an additional 2,869 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of MAMMOOTH ENERGY by 15.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 79,697 shares of the energy company’s stock worth $1,482,000 after buying an additional 10,876 shares during the last quarter. State Street Corp raised its position in shares of MAMMOOTH ENERGY by 17.4% in the second quarter. State Street Corp now owns 114,246 shares of the energy company’s stock worth $2,127,000 after buying an additional 16,965 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of MAMMOOTH ENERGY during the second quarter worth approximately $43,970,000. Institutional investors and hedge funds own 73.44% of the company’s stock.
MAMMOOTH ENERGY Company Profile
Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.
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