Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) traded up 4% during mid-day trading on Monday . The company traded as high as $2.38 and last traded at $2.33. 97,577 shares changed hands during trading, a decline of 1% from the average session volume of 98,433 shares. The stock had previously closed at $2.24.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Mammoth Energy Services from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.
Read Our Latest Report on Mammoth Energy Services
Mammoth Energy Services Trading Up 4.0%
The firm's fifty day moving average price is $2.66 and its 200 day moving average price is $2.53. The firm has a market capitalization of $112.28 million, a PE ratio of -3.58 and a beta of 1.30.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The energy company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.68). The company had revenue of $16.41 million during the quarter, compared to analyst estimates of $43.70 million. Mammoth Energy Services had a negative net margin of 18.13% and a negative return on equity of 29.24%.
Insider Activity at Mammoth Energy Services
In other news, Director Arthur L. Smith sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $2.51, for a total value of $50,200.00. Following the completion of the sale, the director directly owned 130,034 shares in the company, valued at $326,385.34. The trade was a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Mammoth Energy Services
A number of hedge funds have recently made changes to their positions in TUSK. JPMorgan Chase & Co. raised its position in shares of Mammoth Energy Services by 465.2% in the fourth quarter. JPMorgan Chase & Co. now owns 63,079 shares of the energy company's stock valued at $189,000 after buying an additional 51,919 shares during the last quarter. Geode Capital Management LLC grew its stake in Mammoth Energy Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 537,376 shares of the energy company's stock valued at $1,612,000 after acquiring an additional 8,526 shares in the last quarter. Invesco Ltd. purchased a new stake in Mammoth Energy Services during the 4th quarter valued at about $30,000. Barclays PLC raised its holdings in Mammoth Energy Services by 7.8% in the 4th quarter. Barclays PLC now owns 61,549 shares of the energy company's stock valued at $185,000 after acquiring an additional 4,468 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Mammoth Energy Services in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds 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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