Insider Selling: Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Sells 10,000 Shares of Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 10,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the transaction, the director now owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mammoth Energy Services Stock Down 2.2 %

TUSK stock opened at $3.58 on Thursday. 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 firm has a 50-day moving average of $4.03 and a two-hundred day moving average of $3.73. Mammoth Energy Services, Inc. has a 12 month low of $2.50 and a 12 month high of $4.95. The company has a market cap of $172.31 million, a price-to-earnings ratio of -0.89 and a beta of 1.69.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.49). The company had revenue of $40.02 million during 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 period in the previous year, the company posted ($0.02) earnings per share.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in shares of Mammoth Energy Services by 55.8% in the first quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock valued at $41,000 after purchasing an additional 4,035 shares during the period. Vanguard Group Inc. boosted its holdings in Mammoth Energy Services by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after purchasing an additional 17,369 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Mammoth Energy Services by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after buying an additional 10,796 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Mammoth Energy Services by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after buying an additional 99,093 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors 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.