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 company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $3.47, for a total transaction of $52,050.00. Following the sale, the director now owns 125,488 shares in the company, valued at $435,443.36. The trade was a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Mammoth Energy Services Stock Up 7.0 %

TUSK stock traded up $0.24 during trading on Tuesday, hitting $3.66. 273,857 shares of the company’s stock were exchanged, compared to its average volume of 110,150. The stock has a market capitalization of $176.14 million, a price-to-earnings ratio of -0.89 and a beta of 1.69. 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, Inc. has a 52-week low of $2.50 and a 52-week high of $4.95. The business has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $3.73.

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). 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 during the quarter. During the same period in the prior year, the firm earned ($0.02) earnings per share.

Hedge Funds Weigh In On Mammoth Energy Services

Several institutional investors have recently added to or reduced their stakes in TUSK. Barclays PLC increased its holdings in shares of Mammoth Energy Services by 65.1% in the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after purchasing an additional 22,503 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 period. XTX Topco Ltd purchased a new position in Mammoth Energy Services during the third quarter worth about $53,000. Wellington Management Group LLP acquired a new position in Mammoth Energy Services during the 3rd quarter worth approximately $197,000. Finally, State Street Corp raised its stake in shares of Mammoth Energy Services by 1.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note 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.