Russell Investments Group Ltd. boosted its position in Mammoth Energy Services Inc (NASDAQ:TUSK) by 35.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 137,413 shares of the energy company’s stock after purchasing an additional 36,111 shares during the quarter. Russell Investments Group Ltd. owned about 0.31% of Mammoth Energy Services worth $4,682,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in TUSK. Winslow Evans & Crocker Inc. acquired a new position in shares of Mammoth Energy Services during the 2nd quarter valued at about $122,000. SG Americas Securities LLC acquired a new position in shares of Mammoth Energy Services during the 2nd quarter valued at about $141,000. Meeder Asset Management Inc. increased its stake in shares of 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 valued at $142,000 after acquiring an additional 3,101 shares during the last quarter. Barclays PLC increased its stake in shares of Mammoth Energy Services by 343.7% during the 1st quarter. Barclays PLC now owns 5,661 shares of the energy company’s stock valued at $182,000 after acquiring an additional 4,385 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Mammoth Energy Services during the 1st quarter valued at about $210,000. 81.22% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on TUSK shares. Raymond James downgraded 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 note on Friday, August 24th. Zacks Investment Research raised 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 note on Saturday, July 7th. Imperial Capital set a $46.00 price objective on shares of Mammoth Energy Services and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Credit Suisse Group boosted their target price on Mammoth Energy Services from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Finally, Barclays boosted their target price on Mammoth Energy Services from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, July 6th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $38.44.
Shares of NASDAQ:TUSK opened at $29.62 on Tuesday. Mammoth Energy Services Inc has a 1 year low of $14.21 and a 1 year high of $42.30. The stock has a market cap of $1.30 billion, a PE ratio of 20.86 and a beta of 0.05.
Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Monday, August 6th. The energy company reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.17). The firm had revenue of $533.60 million for the quarter, compared to analysts’ expectations of $531.25 million. Mammoth Energy Services had a return on equity of 34.33% and a net margin of 10.57%. The firm’s revenue for the quarter was up 442.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) EPS. As a group, research analysts expect that Mammoth Energy Services Inc will post 4.43 earnings per share for the current fiscal year.
About Mammoth Energy Services
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.
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