Mammoth Energy Services (NASDAQ:TUSK) Upgraded by StockNews.com to Hold Rating

Mammoth Energy Services (NASDAQ:TUSK) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Mammoth Energy Services Stock Performance

Shares of Mammoth Energy Services stock opened at $2.89 on Friday. The business’s fifty day simple moving average is $3.52 and its 200-day simple moving average is $3.65. 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 firm has a market cap of $139.09 million, a PE ratio of -0.70 and a beta of 1.62. Mammoth Energy Services has a 52 week low of $2.50 and a 52 week high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last announced 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 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 period in the previous year, the business posted ($0.02) earnings per share.

Insider Activity at Mammoth Energy Services

In other Mammoth Energy Services news, Director Corey J. Booker sold 10,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.43, for a total value of $34,300.00. Following the completion of the transaction, the director now owns 140,488 shares in the company, valued at $481,873.84. The trade was a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 33,659 shares of company stock worth $115,657 in the last three months. 3.44% of the stock is owned by company insiders.

Institutional Trading of Mammoth Energy Services

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in Mammoth Energy Services by 6.9% during the 2nd 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 grew its position 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 in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Mammoth Energy Services during the third quarter worth approximately $42,000. Royce & Associates LP raised its holdings in Mammoth Energy Services by 15.2% in the third 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 in the last quarter. Finally, Empowered Funds LLC lifted its stake in 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 acquiring an additional 4,154 shares during the last quarter. 79.67% of the stock is currently 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.