First Trust Advisors LP lifted its position in Mammoth Energy Services Inc (NASDAQ:TUSK) by 38.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,862 shares of the energy company’s stock after acquiring an additional 39,149 shares during the period. First Trust Advisors LP owned 0.32% of Mammoth Energy Services worth $2,551,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TUSK. Quantamental Technologies LLC purchased a new stake in shares of Mammoth Energy Services in the 4th quarter worth approximately $40,000. Legal & General Group Plc grew its stake in shares of Mammoth Energy Services by 62.0% in the 3rd quarter. Legal & General Group Plc now owns 1,878 shares of the energy company’s stock worth $55,000 after buying an additional 719 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Mammoth Energy Services by 102.6% in the 4th quarter. Meeder Asset Management Inc. now owns 3,159 shares of the energy company’s stock worth $56,000 after buying an additional 1,600 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Mammoth Energy Services in the 4th quarter worth approximately $73,000. Finally, Emerald Advisers LLC grew its stake in shares of Mammoth Energy Services by 33.6% in the 4th quarter. Emerald Advisers LLC now owns 11,119 shares of the energy company’s stock worth $200,000 after buying an additional 2,796 shares during the last quarter. 81.46% of the stock is owned by hedge funds and other institutional investors.
Shares of TUSK opened at $17.94 on Friday. Mammoth Energy Services Inc has a 12 month low of $16.81 and a 12 month high of $42.30. The firm has a market cap of $802.92 million, a price-to-earnings ratio of 12.63 and a beta of 1.95.
Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Thursday, March 14th. The energy company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.73 by $0.78. Mammoth Energy Services had a return on equity of 42.51% and a net margin of 13.12%. The business had revenue of $278.20 million for the quarter, compared to the consensus estimate of $350.11 million. During the same period last year, the business posted $1.48 EPS. The company’s revenue was down 24.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Mammoth Energy Services Inc will post 4.38 earnings per share for the current year.
TUSK has been the topic of several recent research reports. ValuEngine downgraded Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 6th. BidaskClub upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Imperial Capital restated an “outperform” rating and issued a $30.00 price target (down previously from $40.00) on shares of Mammoth Energy Services in a research note on Wednesday, January 9th. Tudor Pickering upgraded Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. Finally, Zacks Investment Research upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $35.22.
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Mammoth Energy Services Company Profile
Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.
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