StockNews.com Downgrades Mammoth Energy Services (NASDAQ:TUSK) to Sell

Mammoth Energy Services (NASDAQ:TUSK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Mammoth Energy Services Stock Performance

Shares of TUSK opened at $2.84 on Thursday. The stock has a market capitalization of $136.68 million, a price-to-earnings ratio of -0.69 and a beta of 1.62. The firm has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $3.67. 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 has a 12 month low of $2.50 and a 12 month high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results 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). The firm had revenue of $40.02 million during the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. During the same period in the previous year, the company earned ($0.02) earnings per share.

Insider Buying and Selling at Mammoth Energy Services

In other news, Director Corey J. Booker sold 15,000 shares of the 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 transaction, the director now owns 125,488 shares in the company, valued at approximately $435,443.36. This trade represents 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 accessible through this link. Insiders have sold a total of 33,659 shares of company stock worth $115,657 over the last ninety days. Insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TUSK. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $546,000 after acquiring an additional 10,796 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mammoth Energy Services by 14.0% during the 2nd 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 in the last quarter. SG Americas Securities LLC acquired a new position in Mammoth Energy Services in the 3rd quarter valued at $42,000. Royce & Associates LP lifted its position in shares of Mammoth Energy Services by 15.2% during the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after acquiring an additional 178,240 shares during the period. Finally, Empowered Funds LLC increased its position in shares of 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 period. 79.67% of the stock is owned by institutional investors and hedge funds.

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.