Mammoth Energy Services (NASDAQ:TUSK) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Mammoth Energy Services (NASDAQ:TUSK) from a hold rating to a sell rating in a research report released on Thursday.

Mammoth Energy Services Price Performance

Shares of NASDAQ TUSK opened at $2.84 on Thursday. The company has a fifty day moving average price of $3.63 and a 200 day moving average price of $3.67. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $4.94. The firm has a market cap of $136.68 million, a PE ratio of -0.69 and a beta of 1.62. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data 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 return on equity of 53.85% and a negative net margin of 105.49%. During the same period in the prior year, the company earned ($0.02) earnings per share.

Insider Transactions at Mammoth Energy Services

In other news, Director Corey J. Booker sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.43, for a total value of $34,300.00. Following the completion of the transaction, the director now owns 140,488 shares in the company, valued at $481,873.84. This trade represents a 6.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 33,659 shares of company stock valued at $115,657 over the last 90 days. 3.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TUSK. FMR LLC increased its position in shares of Mammoth Energy Services by 32.7% during the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after purchasing an additional 2,705 shares during the last quarter. Empowered Funds LLC increased its holdings in 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 buying an additional 4,154 shares during the last quarter. State Street Corp increased its holdings in 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 buying an additional 5,400 shares during the last quarter. Geode Capital Management LLC raised its position 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Mammoth Energy Services in the 3rd quarter valued at about $42,000. 79.67% of the stock is owned by institutional investors and hedge funds.

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.