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

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

Mammoth Energy Services Trading Down 6.6 %

TUSK opened at $2.70 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The firm has a market cap of $129.94 million, a P/E 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 business has a fifty day simple moving average of $3.45 and a 200-day simple moving average of $3.64.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.49). The business had revenue of $40.02 million for the quarter. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. During the same quarter in the previous year, the company earned ($0.02) earnings per share.

Insider Buying and Selling at Mammoth Energy Services

In related news, Director Corey J. Booker sold 15,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $3.47, for a total value of $52,050.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 33,659 shares of company stock valued at $115,657 in the last quarter. Corporate insiders own 3.44% of the company’s stock.

Institutional Investors Weigh In On Mammoth Energy Services

Several hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in Mammoth Energy Services by 32.7% during 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. Empowered Funds LLC raised its stake in shares of Mammoth Energy Services by 5.3% during the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock worth $340,000 after purchasing an additional 4,154 shares during the last quarter. State Street Corp lifted its holdings in shares of Mammoth Energy Services by 1.4% during the third 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 period. Geode Capital Management LLC grew its position in Mammoth Energy Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after buying an additional 9,852 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Mammoth Energy Services during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 79.67% of the company’s stock.

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.