Mammooth Energy (TUSK) Director Buys $76,500.00 in Stock
Mammooth Energy (NASDAQ:TUSK) Director James D. Palm acquired 6,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average cost of $12.75 per share, with a total value of $76,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Mammooth Energy (TUSK) traded down 0.16% during mid-day trading on Monday, reaching $12.79. The company’s stock had a trading volume of 163,023 shares. The stock has a market capitalization of $569.18 million and a P/E ratio of 137.53. The company’s 50-day moving average price is $14.09 and its 200-day moving average price is $17.86. Mammooth Energy has a 12-month low of $10.88 and a 12-month high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last issued its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.05. The company 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%. Mammooth Energy’s revenue was up 42.1% compared to the same quarter last year. On average, equities research analysts forecast that Mammooth Energy will post ($0.05) earnings per share for the current fiscal year.
Several analysts have issued reports on TUSK shares. Zacks Investment Research raised Mammooth Energy from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, May 9th. R. F. Lafferty started coverage on Mammooth Energy in a research note on Wednesday, June 14th. They issued a “buy” rating and a $37.00 target price for the company. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $19.00 target price (down previously from $22.00) on shares of Mammooth Energy in a research note on Wednesday, July 12th. Barclays PLC lowered Mammooth Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $26.00 to $17.00 in a research note on Wednesday, July 12th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $18.00 target price (down previously from $25.00) on shares of Mammooth Energy in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $22.55.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. acquired a new position in shares of Mammooth Energy during the first quarter valued at $103,000. Royce & Associates LP acquired a new position in shares of Mammooth Energy during the first quarter valued at $168,000. GSA Capital Partners LLP acquired a new position in shares of Mammooth Energy during the second quarter valued at $191,000. Nationwide Fund Advisors raised its position in shares of Mammooth Energy by 283.0% in the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock valued at $191,000 after buying an additional 7,593 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Mammooth Energy during the first quarter valued at $233,000. Institutional investors 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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