Mammooth Energy (TUSK) CEO Arty Straehla Sells 25,842 Shares of Stock

Mammooth Energy (NASDAQ:TUSK) CEO Arty Straehla sold 25,842 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $18.45, for a total value of $476,784.90. Following the sale, the chief executive officer now directly owns 231,711 shares in the company, valued at $4,275,067.95. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Mammooth Energy (TUSK) traded up $0.43 during midday trading on Friday, reaching $19.03. The company’s stock had a trading volume of 45,418 shares, compared to its average volume of 97,704. Mammooth Energy has a 1 year low of $10.88 and a 1 year high of $24.54. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15.

Mammooth Energy (NASDAQ:TUSK) last issued its earnings results on Wednesday, November 1st. The energy company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). Mammooth Energy had a negative return on equity of 2.46% and a negative net margin of 16.41%. The company had revenue of $149.30 million during the quarter, compared to analyst estimates of $129.58 million. The firm’s revenue was up 135.9% compared to the same quarter last year. sell-side analysts anticipate that Mammooth Energy will post 0.14 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the business. American International Group Inc. acquired a new stake in Mammooth Energy in the first quarter worth $103,000. GSA Capital Partners LLP acquired a new stake in Mammooth Energy in the second quarter worth $191,000. Nationwide Fund Advisors increased its position in Mammooth Energy by 283.0% in the second quarter. Nationwide Fund Advisors now owns 10,276 shares of the energy company’s stock worth $191,000 after buying an additional 7,593 shares during the period. Prudential Financial Inc. acquired a new stake in Mammooth Energy in the second quarter worth $208,000. Finally, Swiss National Bank acquired a new stake in Mammooth Energy in the second quarter worth $233,000. 74.16% of the stock is currently owned by hedge funds and other institutional investors.

TUSK has been the topic of several research reports. Zacks Investment Research lowered Mammooth Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Credit Suisse Group reissued an “outperform” rating and set a $18.00 price target (down from $25.00) on shares of Mammooth Energy in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Imperial Capital initiated coverage on Mammooth Energy in a research report on Friday, August 18th. They set an “outperform” rating and a $16.00 price target on the stock. Jefferies Group LLC initiated coverage on Mammooth Energy in a research report on Thursday, October 5th. They set a “hold” rating and a $18.00 price target on the stock. Finally, ValuEngine raised Mammooth Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Mammooth Energy has a consensus rating of “Buy” and a consensus target price of $23.27.

About Mammooth Energy

Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.

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