NJ State Employees Deferred Compensation Plan Increases Stock Holdings in Mammoth Energy Services Inc (NASDAQ:TUSK)

NJ State Employees Deferred Compensation Plan raised its stake in Mammoth Energy Services Inc (NASDAQ:TUSK) by 50.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,000 shares of the energy company’s stock after purchasing an additional 16,000 shares during the period. NJ State Employees Deferred Compensation Plan owned 0.11% of Mammoth Energy Services worth $330,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its position in shares of Mammoth Energy Services by 90.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,524 shares of the energy company’s stock worth $26,000 after acquiring an additional 724 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Mammoth Energy Services by 148.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,215 shares of the energy company’s stock worth $70,000 after acquiring an additional 2,520 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Mammoth Energy Services by 356.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,547 shares of the energy company’s stock valued at $82,000 after buying an additional 3,551 shares during the last quarter. Marshall Wace North America L.P. grew its position in Mammoth Energy Services by 129.5% in the 1st quarter. Marshall Wace North America L.P. now owns 6,346 shares of the energy company’s stock valued at $106,000 after buying an additional 3,581 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust grew its position in Mammoth Energy Services by 60.0% in the 2nd quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the energy company’s stock valued at $165,000 after buying an additional 9,000 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

NASDAQ:TUSK traded up $0.19 during midday trading on Monday, reaching $4.69. The stock had a trading volume of 288,400 shares, compared to its average volume of 349,147. The business’s fifty day simple moving average is $6.68. Mammoth Energy Services Inc has a 12-month low of $4.40 and a 12-month high of $40.75. The company has a current ratio of 2.48, a quick ratio of 2.39 and a debt-to-equity ratio of 0.15. The stock has a market cap of $201.95 million, a PE ratio of 0.83 and a beta of 1.48.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.17). Mammoth Energy Services had a net margin of 14.03% and a return on equity of 20.93%. The firm had revenue of $181.80 million during the quarter, compared to analysts’ expectations of $195.78 million. During the same quarter last year, the business earned $1.34 earnings per share. The business’s quarterly revenue was down 65.9% on a year-over-year basis. As a group, sell-side analysts expect that Mammoth Energy Services Inc will post 0.36 EPS for the current year.

A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Mammoth Energy Services from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 30th. Stephens lowered shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $25.00 to $7.00 in a research report on Friday, June 7th. Capital One Financial lowered shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Friday. Piper Jaffray Companies set a $10.00 price objective on shares of Mammoth Energy Services and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Zacks Investment Research upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, July 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Mammoth Energy Services has an average rating of “Hold” and an average target price of $13.50.

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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