Mammoth Energy Services, Inc. (NASDAQ:TUSK) Stock Position Raised by Barclays PLC

Barclays PLC raised its position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 65.1% in the third quarter, Holdings Channel reports. The firm owned 57,081 shares of the energy company’s stock after buying an additional 22,503 shares during the period. Barclays PLC’s holdings in Mammoth Energy Services were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Royce & Associates LP raised its stake in shares of Mammoth Energy Services by 15.2% during the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 178,240 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Mammoth Energy Services by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after purchasing an additional 99,093 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Mammoth Energy Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock worth $2,163,000 after purchasing an additional 9,852 shares in the last quarter. State Street Corp raised its stake in shares of Mammoth Energy Services by 1.4% during the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mammoth Energy Services by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock worth $546,000 after purchasing an additional 10,796 shares in the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mammoth Energy Services

In other news, Director Corey J. Booker sold 10,000 shares of Mammoth Energy Services stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the sale, the director now owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This trade represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 33,659 shares of company stock valued at $115,657. 3.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

Mammoth Energy Services Stock Performance

TUSK opened at $3.42 on Wednesday. The firm has a market capitalization of $164.60 million, a P/E ratio of -0.83 and a beta of 1.61. The stock’s 50 day moving average price is $3.13 and its two-hundred day moving average price is $3.62. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. Mammoth Energy Services, Inc. has a 12-month low of $2.50 and a 12-month high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). The business had revenue of $40.02 million during the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.