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 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 transaction, the director now directly owns 140,488 shares in the company, valued at approximately $481,873.84. The trade was a 6.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mammoth Energy Services Stock Performance

Shares of TUSK stock opened at $3.66 on Wednesday. The stock’s 50-day moving average is $4.03 and its two-hundred day moving average is $3.73. Mammoth Energy Services, Inc. has a 1 year low of $2.50 and a 1 year high of $4.95. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18.

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 return on equity of 53.85% and a negative net margin of 105.49%. The firm had revenue of $40.02 million for the quarter. During the same quarter last year, the firm posted ($0.02) earnings per share.

Institutional Investors Weigh In On Mammoth Energy Services

Several hedge funds have recently made changes to their positions in TUSK. Royce & Associates LP boosted its stake in shares of Mammoth Energy Services by 15.2% during the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after buying an additional 178,240 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 buying an additional 99,093 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Mammoth Energy Services during the third quarter worth about $197,000. Barclays PLC boosted its stake in shares of Mammoth Energy Services by 65.1% during the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock worth $233,000 after buying an additional 22,503 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 17,369 shares during the period. Institutional investors and hedge funds own 79.67% of the company’s stock.

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.

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.