Mark E. Layton Sells 925 Shares of Mammooth Energy (TUSK) Stock
Mammooth Energy (NASDAQ:TUSK) CFO Mark E. Layton sold 925 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $19.01, for a total value of $17,584.25. Following the completion of the transaction, the chief financial officer now owns 57,075 shares in the company, valued at $1,084,995.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Mammooth Energy (NASDAQ TUSK) traded up $0.43 during mid-day trading on Friday, hitting $19.03. The stock had a trading volume of 45,418 shares, compared to its average volume of 197,322. Mammooth Energy has a 1 year low of $10.88 and a 1 year high of $24.54. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21.
Mammooth Energy (NASDAQ:TUSK) last issued its earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). Mammooth Energy had a negative return on equity of 2.35% and a negative net margin of 16.41%. The firm had revenue of $149.30 million during the quarter, compared to the consensus estimate of $129.58 million. The firm’s revenue for the quarter was up 135.9% compared to the same quarter last year. analysts predict that Mammooth Energy will post 0.14 EPS for the current year.
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Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of Mammooth Energy by 34.4% in the third quarter. Janus Henderson Group PLC now owns 3,177,245 shares of the energy company’s stock worth $53,568,000 after purchasing an additional 813,284 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Mammooth Energy by 32.3% in the third quarter. Royce & Associates LP now owns 170,400 shares of the energy company’s stock worth $2,873,000 after purchasing an additional 41,600 shares during the last quarter. Ninepoint Partners LP bought a new stake in shares of Mammooth Energy in the third quarter worth about $2,095,000. Russell Investments Group Ltd. increased its holdings in shares of Mammooth Energy by 49.0% in the third quarter. Russell Investments Group Ltd. now owns 165,702 shares of the energy company’s stock worth $2,794,000 after purchasing an additional 54,477 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Mammooth Energy by 17.0% in the third quarter. Sei Investments Co. now owns 36,875 shares of the energy company’s stock worth $622,000 after purchasing an additional 5,355 shares during the last quarter. 74.16% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on TUSK. Imperial Capital began coverage on Mammooth Energy in a research report on Friday, August 18th. They issued an “outperform” rating and a $16.00 price objective on the stock. Zacks Investment Research upgraded Mammooth Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Jefferies Group LLC began coverage on Mammooth Energy in a research report on Thursday, October 5th. They issued a “hold” rating and a $18.00 price objective on the stock. Credit Suisse Group restated an “outperform” rating and issued a $18.00 price objective (down from $25.00) on shares of Mammooth Energy in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Mammooth Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $23.90.
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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