Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Sells $34,300.00 in Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the completion of the sale, the director now owns 140,488 shares in the company, valued at $481,873.84. The trade was a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mammoth Energy Services Trading Up 7.0 %

Shares of NASDAQ:TUSK traded up $0.24 during midday trading on Tuesday, reaching $3.66. The company had a trading volume of 273,857 shares, compared to its average volume of 110,150. The company has a fifty day simple moving average of $4.03 and a two-hundred day simple moving average of $3.73. The firm has a market cap of $176.14 million, a price-to-earnings ratio of -0.89 and a beta of 1.69. Mammoth Energy Services, Inc. has a 1-year low of $2.50 and a 1-year high of $4.95. 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 (NASDAQ:TUSK) last announced its quarterly earnings data on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter. During the same quarter in the previous year, the firm earned ($0.02) earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Monday, November 4th.

Institutional Trading of Mammoth Energy Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP grew its stake in Mammoth Energy Services by 15.2% in the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after purchasing an additional 178,240 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mammoth Energy Services by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after buying an additional 99,093 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Mammoth Energy Services in the 3rd quarter valued at approximately $197,000. Barclays PLC increased its holdings in Mammoth Energy Services by 65.1% in the third 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. Finally, Vanguard Group Inc. lifted its stake in Mammoth Energy Services by 2.5% in the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after acquiring an additional 17,369 shares during the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

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.