Penn Capital Management Co. Inc. Cuts Position in Mammooth Energy (TUSK)
Penn Capital Management Co. Inc. trimmed its holdings in shares of Mammooth Energy (NASDAQ:TUSK) by 29.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,430 shares of the energy company’s stock after selling 4,721 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Mammooth Energy were worth $213,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of TUSK. American International Group Inc. purchased a new position in Mammooth Energy during the first quarter valued at approximately $103,000. Royce & Associates LP purchased a new position in Mammooth Energy during the first quarter valued at approximately $168,000. Teachers Advisors LLC purchased a new position in Mammooth Energy during the fourth quarter valued at approximately $184,000. Nationwide Fund Advisors increased its holdings in Mammooth Energy by 283.0% during 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 period. Finally, GSA Capital Partners LLP purchased a new position in Mammooth Energy during the second quarter valued at approximately $191,000. 73.44% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the stock. Imperial Capital assumed coverage on shares of Mammooth Energy in a report on Friday, August 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Zacks Investment Research raised shares of Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. R. F. Lafferty assumed coverage on shares of Mammooth Energy in a report on Wednesday, June 14th. They set a “buy” rating and a $37.00 price objective on the stock. Barclays PLC lowered shares of Mammooth Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $26.00 to $17.00 in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $19.00 price objective (down from $22.00) on shares of Mammooth Energy in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $22.55.
Mammooth Energy (TUSK) opened at 15.91 on Monday. The firm has a 50-day moving average of $14.75 and a 200 day moving average of $14.75. Mammooth Energy has a 12-month low of $11.91 and a 12-month high of $24.54. The stock has a market capitalization of $708.03 million and a price-to-earnings ratio of 171.08.
Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.05. Mammooth Energy had a negative net margin of 21.65% and a negative return on equity of 3.04%. The company had revenue of $98.26 million for the quarter, compared to the consensus estimate of $92.14 million. Mammooth Energy’s quarterly revenue was up 42.1% on a year-over-year basis. On average, analysts predict that Mammooth Energy will post ($0.07) earnings per share for the current fiscal year.
In other news, Director James D. Palm acquired 6,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $12.75 per share, with a total value of $76,500.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.
About Mammooth Energy
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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