Mammoth Energy Services (NASDAQ:TUSK) Director Buys $15,000.00 in Stock

Key Points

• Director Mark Lawrence Plaumann purchased 5,000 Mammoth Energy Services shares at $3.00 each, investing a total of $15,000 and establishing a direct stake in the company.
• TUSK shares recently traded at $3.23, with a market capitalization of approximately $155.5 million. The company reported a quarterly loss of $0.01 per share on $26.05 million in revenue.
• Despite institutional investors owning 79.67% of the stock, analyst sentiment remains negative: Weiss Ratings downgraded the company, and the sole analyst rating tracked by MarketBeat is “Sell.”

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) Director Mark Lawrence Plaumann acquired 5,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of $3.00 per share, with a total value of $15,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $15,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mammoth Energy Services Price Performance

Shares of TUSK stock traded up $0.21 during trading hours on Thursday, reaching $3.23. 154,551 shares of the company were exchanged, compared to its average volume of 281,165. Mammoth Energy Services, Inc. has a fifty-two week low of $1.72 and a fifty-two week high of $3.92. The stock's fifty day moving average is $3.00 and its two-hundred day moving average is $2.86. The company has a market cap of $155.45 million, a price-to-earnings ratio of 161.50 and a beta of 1.18.

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

Hedge Funds Weigh In On Mammoth Energy Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake 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 worth $63,000 after buying an additional 3,517 shares during the period. Archer Investment Corp acquired a new position in Mammoth Energy Services in the second quarter valued at about $27,000. Susquehanna International Group LLP increased its holdings 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 worth $162,000 after acquiring an additional 13,621 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Mammoth Energy Services during the second quarter worth about $45,000. Finally, Empowered Funds LLC grew its position in shares of Mammoth Energy Services by 10.2% in the 1st 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 period. 79.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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, According to MarketBeat.com, the stock presently 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.

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