Mammoth Energy Services (NASDAQ:TUSK) Rating Increased to Hold at StockNews.com

Mammoth Energy Services (NASDAQ:TUSK) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Mammoth Energy Services Stock Performance

Shares of TUSK opened at $2.89 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. Mammoth Energy Services has a 52-week low of $2.50 and a 52-week high of $4.94. The stock has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.65. The company has a market capitalization of $139.09 million, a price-to-earnings ratio of -0.70 and a beta of 1.62.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $40.02 million during the quarter. During the same period last year, the firm posted ($0.02) EPS.

Insider Transactions at Mammoth Energy Services

In related news, Director Corey J. Booker sold 15,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $3.47, for a total value of $52,050.00. Following the completion of the sale, the director now owns 125,488 shares in the company, valued at $435,443.36. This represents a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 33,659 shares of company stock worth $115,657. Corporate insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Mammoth Energy Services in the 3rd quarter valued at approximately $42,000. FMR LLC grew its position in Mammoth Energy Services by 32.7% in the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after buying an additional 2,705 shares during the last quarter. XTX Topco Ltd purchased a new position in Mammoth Energy Services in the 3rd quarter valued at $53,000. Wellington Management Group LLP acquired a new position in Mammoth Energy Services in the 3rd quarter valued at $197,000. Finally, Barclays PLC raised its position in Mammoth Energy Services by 65.1% during the 3rd quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock worth $233,000 after buying an additional 22,503 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

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.