432,338 Shares in Mammoth Energy Services, Inc. (NASDAQ:TUSK) Bought by Rangeley Capital LLC

Rangeley Capital LLC acquired a new position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 432,338 shares of the energy company's stock, valued at approximately $1,297,000. Mammoth Energy Services makes up approximately 1.2% of Rangeley Capital LLC's investment portfolio, making the stock its 23rd biggest holding. Rangeley Capital LLC owned approximately 0.90% of Mammoth Energy Services at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TUSK. Wellington Management Group LLP acquired a new position in shares of Mammoth Energy Services in the third quarter valued at approximately $197,000. Empowered Funds LLC raised its stake in shares of Mammoth Energy Services by 76.3% during the fourth quarter. Empowered Funds LLC now owns 146,574 shares of the energy company's stock valued at $440,000 after acquiring an additional 63,417 shares during the last quarter. Barclays PLC lifted its holdings in shares of Mammoth Energy Services by 65.1% during the third quarter. Barclays PLC now owns 57,081 shares of the energy company's stock worth $233,000 after purchasing an additional 22,503 shares during the period. State Street Corp grew its stake in shares of Mammoth Energy Services by 1.4% in the third quarter. State Street Corp now owns 403,688 shares of the energy company's stock worth $1,651,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Mammoth Energy Services by 1.9% in the third quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company's stock worth $2,163,000 after purchasing an additional 9,852 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Mammoth Energy Services Trading Down 9.4 %

Mammoth Energy Services stock traded down $0.22 during mid-day trading on Tuesday, hitting $2.08. 53,557 shares of the stock were exchanged, compared to its average volume of 119,812. The stock has a market capitalization of $99.86 million, a price-to-earnings ratio of -0.50 and a beta of 1.43. Mammoth Energy Services, Inc. has a 12 month low of $1.68 and a 12 month high of $4.94. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The firm's fifty day simple moving average is $2.46 and its two-hundred day simple moving average is $3.19.

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

Analysts Set New Price Targets

Separately, StockNews.com raised Mammoth Energy Services from a "sell" rating to a "hold" rating in a report on Friday, December 27th.

About Mammoth Energy Services

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.