Mammoth Energy Services, Inc. (NASDAQ:TUSK) Shares Sold by Archer Investment Corp

Archer Investment Corp reduced its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 42.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,400 shares of the energy company’s stock after selling 9,000 shares during the quarter. Archer Investment Corp’s holdings in Mammoth Energy Services were worth $51,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Royce & Associates LP grew its stake in shares of Mammoth Energy Services by 15.2% in the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 178,240 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mammoth Energy Services by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after purchasing an additional 99,093 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Mammoth Energy Services by 2.5% in the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock worth $2,635,000 after buying an additional 17,369 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Mammoth Energy Services by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after acquiring an additional 10,796 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Mammoth Energy Services during the 3rd quarter worth approximately $42,000. Institutional investors own 79.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.

Mammoth Energy Services Stock Performance

TUSK stock opened at $3.18 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a market cap of $153.05 million, a PE ratio of -0.77 and a beta of 1.69. The business’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $3.71. Mammoth Energy Services, Inc. has a 1-year low of $2.50 and a 1-year high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. The business had revenue of $40.02 million during the quarter. During the same period in the prior year, the business posted ($0.02) earnings per share.

Mammoth Energy Services Profile

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.