Mammoth Energy Services Inc (NASDAQ:TUSK) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in Mammoth Energy Services Inc (NASDAQ:TUSK) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the energy company’s stock after buying an additional 30,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.56% of Mammoth Energy Services worth $1,720,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TUSK. BlackRock Inc. raised its stake in shares of Mammoth Energy Services by 2.1% in the 4th quarter. BlackRock Inc. now owns 794,379 shares of the energy company’s stock valued at $14,284,000 after acquiring an additional 16,266 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Mammoth Energy Services by 657.9% in the 4th quarter. Bank of New York Mellon Corp now owns 340,869 shares of the energy company’s stock valued at $6,128,000 after acquiring an additional 295,894 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Mammoth Energy Services by 90.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,524 shares of the energy company’s stock valued at $26,000 after acquiring an additional 724 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Mammoth Energy Services by 41.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 373,045 shares of the energy company’s stock valued at $6,707,000 after acquiring an additional 109,883 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Mammoth Energy Services by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 165,510 shares of the energy company’s stock valued at $2,975,000 after acquiring an additional 13,907 shares during the period. Institutional investors and hedge funds own 82.08% of the company’s stock.

Shares of NASDAQ:TUSK traded down $1.20 during trading hours on Friday, reaching $4.83. The stock had a trading volume of 11,056 shares, compared to its average volume of 331,548. Mammoth Energy Services Inc has a 1 year low of $5.55 and a 1 year high of $40.75. The business’s 50 day moving average is $6.71. The company has a quick ratio of 2.39, a current ratio of 2.48 and a debt-to-equity ratio of 0.15. The stock has a market cap of $286.31 million, a PE ratio of 0.90 and a beta of 1.48.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.17). Mammoth Energy Services had a net margin of 14.32% and a return on equity of 31.76%. The firm had revenue of $181.80 million during the quarter, compared to analysts’ expectations of $195.78 million. During the same period in the prior year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was down 65.9% on a year-over-year basis. Equities research analysts anticipate that Mammoth Energy Services Inc will post 0.36 earnings per share for the current fiscal year.

TUSK has been the topic of several recent research reports. Piper Jaffray Companies set a $10.00 target price on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research note on Friday, June 7th. BidaskClub downgraded shares of Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 30th. Barclays set a $19.00 target price on shares of Mammoth Energy Services and gave the stock a “buy” rating in a research note on Friday, May 3rd. TheStreet downgraded shares of Mammoth Energy Services from a “c-” rating to a “d+” rating in a research note on Tuesday, June 11th. Finally, Stephens downgraded shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $25.00 to $7.00 in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.83.

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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