Mammoth Energy Services Inc (TUSK) Shares Bought by James Investment Research Inc.

James Investment Research Inc. increased its stake in shares of Mammoth Energy Services Inc (NASDAQ:TUSK) by 23.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,770 shares of the energy company’s stock after purchasing an additional 13,920 shares during the quarter. James Investment Research Inc. owned approximately 0.16% of Mammoth Energy Services worth $2,147,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. acquired a new position in Mammoth Energy Services during the 2nd quarter worth approximately $122,000. SG Americas Securities LLC acquired a new position in Mammoth Energy Services during the 2nd quarter worth approximately $141,000. Meeder Asset Management Inc. increased its position in Mammoth Energy Services by 285.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,187 shares of the energy company’s stock worth $142,000 after purchasing an additional 3,101 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Mammoth Energy Services during the 2nd quarter worth approximately $158,000. Finally, Barclays PLC increased its position in Mammoth Energy Services by 343.7% during the 1st quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock worth $182,000 after purchasing an additional 4,385 shares in the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

Shares of NASDAQ TUSK opened at $24.96 on Thursday. Mammoth Energy Services Inc has a 52-week low of $16.88 and a 52-week high of $42.30. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 17.58 and a beta of 0.05.



Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings results on Wednesday, October 31st. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.48. Mammoth Energy Services had a net margin of 10.57% and a return on equity of 34.33%. The firm had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $473.89 million. During the same period in the prior year, the company posted ($0.02) EPS. The company’s revenue was up 157.2% on a year-over-year basis. Equities research analysts predict that Mammoth Energy Services Inc will post 4.36 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 7th. Mammoth Energy Services’s dividend payout ratio (DPR) is currently 35.21%.

TUSK has been the subject of a number of research analyst reports. BidaskClub cut shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Raymond James cut shares of Mammoth Energy Services from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a research report on Friday, August 24th. Zacks Investment Research upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Saturday, July 7th. Barclays upped their price objective on shares of Mammoth Energy Services from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, July 6th. Finally, Credit Suisse Group upped their price objective on shares of Mammoth Energy Services from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Mammoth Energy Services has an average rating of “Buy” and a consensus price target of $38.44.

Mammoth Energy Services Profile

Mammoth Energy Services, Inc operates as an integrated oilfield service company. The company operates in four segments: Pressure Pumping Services, Infrastructure Services, Natural Sand Proppant Services, and Contract Land and Directional Drilling Services. The Pressure Pumping Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability.

Read More: Market Capitalization and Individual Investors

Institutional Ownership by Quarter for Mammoth Energy Services (NASDAQ:TUSK)

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