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

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

Mammoth Energy Services Stock Performance

TUSK traded down $0.01 during trading on Thursday, hitting $2.82. The stock had a trading volume of 79,573 shares, compared to its average volume of 108,806. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The company has a 50 day moving average price of $3.70 and a 200-day moving average price of $3.68. Mammoth Energy Services has a one year low of $2.50 and a one year high of $4.94. The firm has a market cap of $135.72 million, a price-to-earnings ratio of -0.68 and a beta of 1.62.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results 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 in the previous year, the firm posted ($0.02) earnings per share.

Insider Transactions at Mammoth Energy Services

In other news, Director Corey J. Booker sold 10,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the completion of the sale, the director now directly owns 140,488 shares in the company, valued at approximately $481,873.84. This represents a 6.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 33,659 shares of company stock valued at $115,657. 3.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in Mammoth Energy Services by 32.7% during the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after buying an additional 2,705 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Mammoth Energy Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock worth $340,000 after acquiring an additional 4,154 shares during the period. State Street Corp boosted its position in shares of 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 acquiring an additional 5,400 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 valued at $2,163,000 after acquiring an additional 9,852 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Mammoth Energy Services during the third quarter valued at approximately $42,000. 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.