Mark E. Layton Sells 925 Shares of Mammooth Energy (TUSK) Stock

Mammooth Energy (NASDAQ:TUSK) CFO Mark E. Layton sold 925 shares of the firm’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 approximately $1,084,995.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Mammooth Energy (NASDAQ TUSK) traded up $0.88 on Thursday, reaching $18.60. The company’s stock had a trading volume of 112,144 shares, compared to its average volume of 97,939. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. Mammooth Energy has a 12-month low of $10.88 and a 12-month high of $24.54.

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 Zacks’ consensus estimate of $0.02 by ($0.04). The company had revenue of $149.30 million for the quarter, compared to the consensus estimate of $129.58 million. Mammooth Energy had a negative return on equity of 2.46% and a negative net margin of 16.41%. The business’s quarterly revenue was up 135.9% compared to the same quarter last year. equities analysts predict that Mammooth Energy will post 0.14 earnings per share for the current year.

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TUSK has been the topic of several recent research reports. Zacks Investment Research cut Mammooth Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Credit Suisse Group raised their target price on Mammooth Energy from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. ValuEngine upgraded Mammooth Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Imperial Capital raised their target price on 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 started coverage on Mammooth Energy in a report on Thursday, October 5th. They set a “hold” rating and a $18.00 target price on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $23.27.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TUSK. American International Group Inc. acquired a new stake in shares of Mammooth Energy during the first quarter worth about $103,000. Nationwide Fund Advisors raised its position in shares of Mammooth Energy by 283.0% during the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after purchasing an additional 7,593 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Mammooth Energy during the second quarter worth about $191,000. Prudential Financial Inc. acquired a new stake in shares of Mammooth Energy during the second quarter worth about $208,000. Finally, Swiss National Bank acquired a new stake in shares of Mammooth Energy during the second quarter worth about $233,000. 74.16% of the stock is currently owned by institutional investors.

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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