Invesco Ltd. Acquires Shares of 10,122 Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Invesco Ltd. purchased a new stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,122 shares of the energy company’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Rangeley Capital LLC acquired a new stake in shares of Mammoth Energy Services in the 4th quarter valued at $1,297,000. Royce & Associates LP grew its stake in Mammoth Energy Services by 7.3% in the 4th quarter. Royce & Associates LP now owns 1,449,922 shares of the energy company’s stock valued at $4,350,000 after buying an additional 98,698 shares during the last quarter. Empowered Funds LLC raised its holdings in Mammoth Energy Services by 76.3% in the 4th quarter. Empowered Funds LLC now owns 146,574 shares of the energy company’s stock worth $440,000 after acquiring an additional 63,417 shares during the period. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 51,919 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Mammoth Energy Services by 65.1% during the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after acquiring an additional 22,503 shares during the period. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Mammoth Energy Services Trading Up 2.7 %

Mammoth Energy Services stock opened at $2.67 on Tuesday. The firm has a market capitalization of $128.50 million, a PE ratio of -0.65 and a beta of 1.48. The business’s 50-day simple moving average is $2.27 and its 200-day simple moving average is $2.90. 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 52 week low of $1.68 and a 52 week high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Friday, March 7th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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.