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

StockNews.com upgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a sell rating to a hold rating in a report released on Friday morning.

Mammoth Energy Services Stock Down 6.6 %

Mammoth Energy Services stock opened at $2.70 on Friday. The company’s 50-day moving average price is $3.49 and its two-hundred day moving average price is $3.65. The stock has a market cap of $129.94 million, a price-to-earnings ratio of -0.66 and a beta of 1.62. Mammoth Energy Services has a 52 week low of $2.50 and a 52 week high of $4.94. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling

In other Mammoth Energy Services news, Director Corey J. Booker sold 10,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 33,659 shares of company stock worth $115,657. Corporate insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TUSK. Wellington Management Group LLP purchased a new stake in Mammoth Energy Services in the 3rd quarter worth approximately $197,000. Royce & Associates LP raised its holdings in shares of Mammoth Energy Services by 15.2% during the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after acquiring an additional 178,240 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Mammoth Energy Services by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after purchasing an additional 10,796 shares during the last quarter. Empowered Funds LLC boosted its position in Mammoth Energy Services by 5.3% during the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock valued at $340,000 after purchasing an additional 4,154 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Mammoth Energy Services in the third quarter valued at about $42,000. 79.67% of the stock is owned by institutional investors and hedge funds.

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.