Mammoth Energy Services (NASDAQ:TUSK) Stock Rating Lowered by StockNews.com

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

Mammoth Energy Services Trading Down 0.4 %

NASDAQ TUSK opened at $2.82 on Thursday. The company has a market capitalization of $135.72 million, a price-to-earnings ratio of -0.68 and a beta of 1.62. 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 has a one year low of $2.50 and a one year high of $4.94. The company’s 50-day simple moving average is $3.67 and its two-hundred day simple moving average is $3.68.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data 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). The company had revenue of $40.02 million for the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. During the same quarter in the previous year, the business earned ($0.02) earnings per share.

Insider Activity

In other Mammoth Energy Services news, Director Corey J. Booker sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 140,488 shares in the company, valued at $481,873.84. The trade was a 6.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 33,659 shares of company stock worth $115,657 over the last three months. Insiders own 3.44% of the company’s stock.

Institutional Trading of Mammoth Energy Services

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