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 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 transaction of $52,050.00. Following the completion of the transaction, the director now directly owns 125,488 shares in the company, valued at $435,443.36. This trade represents a 10.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mammoth Energy Services Stock Performance

Shares of TUSK stock opened at $3.58 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The company has a market capitalization of $172.31 million, a P/E ratio of -0.89 and a beta of 1.69. The company’s 50 day moving average price is $4.03 and its two-hundred day moving average price is $3.73. 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 announced its 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 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 quarter in the prior year, the business earned ($0.02) EPS.

Institutional Trading of Mammoth Energy Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in Mammoth Energy Services by 55.8% during 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 period. Vanguard Group Inc. boosted its position in Mammoth Energy Services by 2.5% during 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 period. Bank of New York Mellon Corp boosted its position in Mammoth Energy Services by 6.9% during 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 period. Dimensional Fund Advisors LP boosted its position in Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after purchasing an additional 99,093 shares during the period. Finally, SG Americas Securities LLC bought a new position in Mammoth Energy Services during the third quarter worth $42,000. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.