Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Sells $52,050.00 in Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 15,000 shares of Mammoth Energy Services stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $3.47, for a total transaction of $52,050.00. Following the transaction, the director now directly owns 125,488 shares in the company, valued at approximately $435,443.36. The trade was a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mammoth Energy Services Stock Up 7.0 %

Shares of TUSK stock opened at $3.66 on Wednesday. The company’s 50 day moving average is $4.03 and its 200 day moving average is $3.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. Mammoth Energy Services, Inc. has a 52-week low of $2.50 and a 52-week high of $4.95.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings data 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). 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 for the quarter. During the same quarter last year, the firm posted ($0.02) earnings per share.

Hedge Funds Weigh In On Mammoth Energy Services

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in 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 worth $41,000 after purchasing an additional 4,035 shares during the last quarter. Vanguard Group Inc. grew its holdings in Mammoth Energy Services by 2.5% in the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock worth $2,635,000 after purchasing an additional 17,369 shares during the last quarter. Royce & Associates LP grew its holdings in Mammoth Energy Services by 15.2% in the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after purchasing an additional 178,240 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Mammoth Energy Services by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock worth $546,000 after purchasing an additional 10,796 shares during the last quarter. Finally, Empowered Funds LLC grew 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 worth $340,000 after purchasing an additional 4,154 shares during the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.

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.

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.