432,338 Shares in Mammoth Energy Services, Inc. (NASDAQ:TUSK) Purchased by Rangeley Capital LLC

Rangeley Capital LLC purchased a new stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 432,338 shares of the energy company’s stock, valued at approximately $1,297,000. Mammoth Energy Services makes up approximately 1.2% of Rangeley Capital LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Mammoth Energy Services by 32.7% in the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after acquiring an additional 2,705 shares in the last quarter. XTX Topco Ltd acquired a new stake in Mammoth Energy Services in the 3rd quarter valued at about $53,000. JPMorgan Chase & Co. raised its stake in shares of Mammoth Energy Services by 465.2% in the fourth quarter. JPMorgan Chase & Co. now owns 63,079 shares of the energy company’s stock worth $189,000 after acquiring an additional 51,919 shares during the last quarter. Wellington Management Group LLP bought a new position in Mammoth Energy Services in the 3rd quarter valued at $197,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Mammoth Energy Services by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 70,674 shares of the energy company’s stock worth $212,000 after purchasing an additional 7,064 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Mammoth Energy Services Stock Performance

TUSK opened at $2.08 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The business’s 50-day simple moving average is $2.53 and its 200 day simple moving average is $3.23. The firm has a market capitalization of $100.10 million, a PE ratio of -0.50 and a beta of 1.43. Mammoth Energy Services, Inc. has a 52-week low of $1.91 and a 52-week high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Friday, March 7th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.31). The business had revenue of $53.20 million during the quarter, compared to analyst estimates of $39.50 million. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%.

Analyst Ratings Changes

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

Mammoth Energy Services 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.