Rangeley Capital LLC Takes Position in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Rangeley Capital LLC acquired a new position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 432,338 shares of the energy company’s stock, valued at approximately $1,297,000. Mammoth Energy Services comprises approximately 1.2% of Rangeley Capital LLC’s investment portfolio, making the stock its 23rd biggest position. Rangeley Capital LLC owned 0.90% of Mammoth Energy Services at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in Mammoth Energy Services by 32.7% during the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after acquiring an additional 2,705 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Mammoth Energy Services in the third quarter valued at approximately $53,000. JPMorgan Chase & Co. grew its stake in shares of Mammoth Energy Services by 465.2% during the 4th quarter. JPMorgan Chase & Co. now owns 63,079 shares of the energy company’s stock worth $189,000 after purchasing an additional 51,919 shares during the period. Wellington Management Group LLP purchased a new stake in Mammoth Energy Services during the third quarter worth $197,000. Finally, Charles Schwab Investment Management Inc. raised its position in Mammoth Energy Services by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 70,674 shares of the energy company’s stock worth $212,000 after acquiring an additional 7,064 shares during the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

Mammoth Energy Services Trading Up 1.5 %

NASDAQ TUSK opened at $2.08 on Thursday. The firm has a market capitalization of $100.10 million, a price-to-earnings ratio of -0.50 and a beta of 1.43. The company’s 50 day moving average price is $2.53 and its 200 day moving average price is $3.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. Mammoth Energy Services, Inc. has a one year low of $1.91 and a one year high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Friday, March 7th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.31). Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. The firm had revenue of $53.20 million for the quarter, compared to the consensus estimate of $39.50 million.

Mammoth Energy Services Company 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.