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

Mammoth Energy Services (NASDAQ:TUSK) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Mammoth Energy Services Price Performance

Shares of TUSK traded down $0.01 during mid-day trading on Thursday, reaching $2.82. The company had a trading volume of 79,573 shares, compared to its average volume of 108,806. The company’s 50 day simple moving average is $3.70 and its 200 day simple moving average is $3.68. The company has a market capitalization of $135.72 million, a price-to-earnings ratio of -0.68 and a beta of 1.62. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $4.94. 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 results 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 firm had revenue of $40.02 million during the quarter. During the same period last year, the firm earned ($0.02) EPS.

Insider Transactions at Mammoth Energy Services

In other news, Director Corey J. Booker sold 15,000 shares of Mammoth Energy Services 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 transaction, the director now owns 125,488 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 33,659 shares of company stock worth $115,657. Insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC grew its position 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 valued at $233,000 after buying an additional 22,503 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Mammoth Energy Services by 1.9% in the third quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock worth $2,163,000 after acquiring an additional 9,852 shares during the period. XTX Topco Ltd bought a new stake in Mammoth Energy Services in the third quarter valued at approximately $53,000. Wellington Management Group LLP acquired a new stake in Mammoth Energy Services during the 3rd quarter valued at approximately $197,000. Finally, State Street Corp raised its holdings in Mammoth Energy Services by 1.4% during the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after purchasing an additional 5,400 shares during the last quarter. 79.67% of the stock is owned by 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.