Mammoth Energy Services (NASDAQ:TUSK) Director Mark Lawrence Plaumann Buys 5,000 Shares

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Mark Lawrence Plaumann purchased 5,000 shares of Mammoth Energy Services stock in a transaction dated Wednesday, September 16th. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $15,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $15,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mammoth Energy Services Price Performance

Mammoth Energy Services stock opened at $3.22 on Friday. Mammoth Energy Services, Inc. has a 1-year low of $1.72 and a 1-year high of $3.92. The business has a fifty day moving average price of $3.00 and a 200-day moving average price of $2.87. The stock has a market capitalization of $154.98 million, a price-to-earnings ratio of 161.00 and a beta of 1.18.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Friday, August 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $26.05 million for the quarter. Mammoth Energy Services had a net margin of 0.98% and a negative return on equity of 8.10%.

Institutional Investors Weigh In On Mammoth Energy Services

Hedge funds have recently added to or reduced their stakes in the business. Archer Investment Corp purchased a new position in shares of Mammoth Energy Services during the 2nd quarter valued at about $27,000. AXQ Capital LP acquired a new stake in Mammoth Energy Services during the second quarter worth about $45,000. Levin Capital Strategies L.P. purchased a new position in Mammoth Energy Services during the first quarter valued at approximately $61,000. Bank of America Corp DE raised its position in Mammoth Energy Services by 15.9% during the first quarter. Bank of America Corp DE now owns 25,589 shares of the energy company’s stock valued at $63,000 after acquiring an additional 3,517 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in Mammoth Energy Services in the second quarter valued at approximately $79,000. 79.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mammoth Energy Services presently has a consensus rating of “Sell”.

About Mammoth Energy Services

Mammoth Energy Services, Inc (NASDAQ:TUSK) is an energy infrastructure and services company headquartered in Oklahoma City, Oklahoma. The company provides services to electric utilities, oil and gas producers, and other energy-related customers in the United States and Canada.

Its infrastructure services include the construction, maintenance, repair, and restoration of electric transmission and distribution systems, substations, and related facilities. Mammoth also provides engineering, procurement, and construction services, as well as emergency response and storm-recovery work for utility infrastructure.

Historically, the company has also operated businesses supporting oil and gas exploration and production.