Insider Selling: Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Sells $52,050.00 in Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 15,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $3.47, for a total transaction of $52,050.00. Following the completion of the transaction, the director now directly owns 125,488 shares of the company’s stock, valued at $435,443.36. This represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mammoth Energy Services Stock Down 2.2 %

Shares of NASDAQ:TUSK opened at $3.58 on Friday. Mammoth Energy Services, Inc. has a 52-week low of $2.50 and a 52-week high of $4.95. 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 company has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $3.73.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings data 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 net margin of 105.49% and a negative return on equity of 53.85%. The business had revenue of $40.02 million during the quarter. During the same period last year, the firm posted ($0.02) earnings per share.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, November 4th.

Hedge Funds Weigh In On Mammoth Energy Services

Several large investors have recently modified their holdings of the stock. Royce & Associates LP grew its stake in Mammoth Energy Services by 15.2% in the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after buying an additional 178,240 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 acquiring an additional 99,093 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Mammoth Energy Services during the third quarter worth approximately $197,000. Barclays PLC grew its position in shares of Mammoth Energy Services by 65.1% in the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after purchasing an additional 22,503 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Mammoth Energy Services by 2.5% during the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock worth $2,635,000 after purchasing an additional 17,369 shares during the period. 79.67% of the stock is owned by institutional investors.

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.