Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker Sells 10,000 Shares

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 10,000 shares of Mammoth Energy Services 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 transaction, the director now directly owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This represents a 6.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mammoth Energy Services Stock Performance

TUSK stock traded up $0.24 during mid-day trading on Tuesday, reaching $3.66. The company had a trading volume of 273,857 shares, compared to its average volume of 110,150. Mammoth Energy Services, Inc. has a one year low of $2.50 and a one year high of $4.95. The stock has a market capitalization of $176.14 million, a P/E ratio of -0.89 and a beta of 1.69. 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 stock’s 50-day simple moving average is $4.03 and its two-hundred day simple moving average is $3.73.

Mammoth Energy Services (NASDAQ:TUSK) last posted 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 firm had revenue of $40.02 million for the quarter. During the same period last year, the firm earned ($0.02) earnings per share.

Institutional Trading of Mammoth Energy Services

Several large investors have recently added to or reduced their stakes in TUSK. FMR LLC raised its stake in shares of Mammoth Energy Services by 32.7% during the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after purchasing an additional 2,705 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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 valued at $41,000 after acquiring an additional 4,035 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Mammoth Energy Services by 5.3% during 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 period. State Street Corp lifted 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 purchasing an additional 5,400 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Mammoth Energy Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after purchasing an additional 9,852 shares in the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a 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.