Tower Research Capital LLC TRC Invests $34,000 in Mammoth Energy Services Inc (NASDAQ:TUSK)

Tower Research Capital LLC TRC acquired a new position in Mammoth Energy Services Inc (NASDAQ:TUSK) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,736 shares of the energy company’s stock, valued at approximately $34,000.

Several other hedge funds also recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. bought a new stake in Mammoth Energy Services during the first quarter valued at approximately $1,657,000. Strs Ohio increased its holdings in shares of Mammoth Energy Services by 229.8% in the 2nd quarter. Strs Ohio now owns 81,800 shares of the energy company’s stock worth $562,000 after buying an additional 57,000 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of Mammoth Energy Services during the 2nd quarter valued at $727,000. First Trust Advisors LP raised its position in shares of Mammoth Energy Services by 37.1% during the 2nd quarter. First Trust Advisors LP now owns 170,027 shares of the energy company’s stock valued at $1,170,000 after buying an additional 46,008 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Mammoth Energy Services by 31.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,929,357 shares of the energy company’s stock worth $13,274,000 after acquiring an additional 462,224 shares during the last quarter. Institutional investors own 77.85% of the company’s stock.

Shares of Mammoth Energy Services stock opened at $1.63 on Friday. Mammoth Energy Services Inc has a 52-week low of $1.22 and a 52-week high of $24.62. The stock has a market capitalization of $70.68 million, a price-to-earnings ratio of 0.29 and a beta of 1.60. The company has a fifty day moving average of $1.68 and a 200-day moving average of $4.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.10 and a current ratio of 3.24.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.40). The business had revenue of $113.40 million during the quarter, compared to analysts’ expectations of $153.52 million. Mammoth Energy Services had a return on equity of 7.65% and a net margin of 5.98%. Mammoth Energy Services’s revenue for the quarter was down 70.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 EPS. On average, equities research analysts forecast that Mammoth Energy Services Inc will post -0.81 earnings per share for the current fiscal year.

In other Mammoth Energy Services news, Director Wexford Capital Lp purchased 35,904 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $1.36 per share, for a total transaction of $48,829.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

A number of research analysts recently commented on TUSK shares. ValuEngine raised Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Tuesday. Johnson Rice lowered Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Barclays lowered Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $6.50 to $3.50 in a research note on Monday, September 30th. Piper Jaffray Companies reiterated a “buy” rating and issued a $3.00 price objective (down from $7.25) on shares of Mammoth Energy Services in a report on Tuesday, November 19th. Finally, TheStreet lowered Mammoth Energy Services from a “c-” rating to a “d” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Mammoth Energy Services Profile

Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.

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

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