Thomson Horstmann & Bryant Inc. cut its stake in shares of Mammooth Energy (NASDAQ:TUSK) by 5.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,795 shares of the energy company’s stock after selling 12,016 shares during the period. Thomson Horstmann & Bryant Inc. owned about 0.50% of Mammooth Energy worth $3,773,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of Mammooth Energy by 4.1% in the first quarter. Wells Fargo & Company MN now owns 39,642 shares of the energy company’s stock worth $852,000 after buying an additional 1,566 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Mammooth Energy by 85.5% in the first quarter. Bank of New York Mellon Corp now owns 28,437 shares of the energy company’s stock worth $611,000 after buying an additional 13,104 shares during the last quarter. American International Group Inc. acquired a new position in Mammooth Energy during the 1st quarter valued at $103,000. TIAA CREF Investment Management LLC raised its stake in Mammooth Energy by 40.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 18,897 shares of the energy company’s stock valued at $406,000 after purchasing an additional 5,448 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in Mammooth Energy during the 1st quarter valued at $168,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.
TUSK has been the subject of several research analyst reports. Zacks Investment Research cut shares of Mammooth Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Credit Suisse Group boosted their price target on shares of Mammooth Energy from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. ValuEngine raised shares of Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Imperial Capital upped their target price on shares of Mammooth Energy from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Finally, Jefferies Group LLC began coverage on shares of Mammooth Energy in a report on Thursday, October 5th. They issued a “hold” rating and a $18.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.27.
In other Mammooth Energy news, Director James D. Palm bought 6,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $12.75 per share, with a total value of $76,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.
Shares of Mammooth Energy (TUSK) traded up $0.71 during trading hours on Friday, hitting $20.89. 145,400 shares of the company were exchanged, compared to its average volume of 96,883. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 1.54. Mammooth Energy has a 1-year low of $10.88 and a 1-year high of $24.54.
Mammooth Energy (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.46%. The firm had revenue of $149.30 million during the quarter, compared to analyst estimates of $129.58 million. The company’s revenue for the quarter was up 135.9% on a year-over-year basis. analysts forecast that Mammooth Energy will post 0.14 EPS for the current fiscal year.
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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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