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 note released on Friday.

Mammoth Energy Services Price Performance

Shares of NASDAQ TUSK opened at $2.70 on Friday. Mammoth Energy Services has a 52 week low of $2.50 and a 52 week high of $4.94. The business’s 50 day moving average price is $3.45 and its 200 day moving average price is $3.64. 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 (NASDAQ:TUSK) last posted its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.49). The firm 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 period last year, the business posted ($0.02) earnings per share.

Insider Transactions at Mammoth Energy Services

In other news, Director Corey J. Booker sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $3.47, for a total value of $52,050.00. Following the transaction, the director now directly owns 125,488 shares of the company’s stock, valued at approximately $435,443.36. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 33,659 shares of company stock valued at $115,657 over the last 90 days. Corporate insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in 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 buying an additional 2,705 shares in the last quarter. Empowered Funds LLC lifted its holdings in Mammoth Energy Services by 5.3% in the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock valued at $340,000 after acquiring an additional 4,154 shares during the last quarter. State Street Corp grew its position in Mammoth Energy Services by 1.4% in the third 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 during the period. Geode Capital Management LLC increased its stake in Mammoth Energy Services by 1.9% during 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 last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Mammoth Energy Services in the 3rd quarter valued at $42,000. 79.67% of the stock is 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.