Mammoth Energy Services (NASDAQ:TUSK) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Mammoth Energy Services (NASDAQ:TUSK) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Mammoth Energy Services Stock Up 0.7 %

TUSK opened at $2.84 on Thursday. 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 stock’s fifty day simple moving average is $3.63 and its 200 day simple moving average is $3.67. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $4.94. The stock has a market cap of $136.68 million, a PE ratio of -0.69 and a beta of 1.62.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). 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 $40.02 million for the quarter. During the same period in the previous year, the company posted ($0.02) EPS.

Insider Activity

In other news, Director Corey J. Booker sold 15,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $435,443.36. The trade was a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 33,659 shares of company stock valued at $115,657. 3.44% of the stock is owned by insiders.

Institutional Trading of Mammoth Energy Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP grew its position in shares of Mammoth Energy Services by 15.2% during 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after buying an additional 99,093 shares in the last quarter. Wellington Management Group LLP bought a new position in Mammoth Energy Services during the 3rd quarter worth $197,000. Barclays PLC raised its holdings in Mammoth Energy Services by 65.1% in the 3rd 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 in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 79.67% of the company’s stock.

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.