Mammoth Energy Services (NASDAQ:TUSK) Downgraded by StockNews.com

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

Mammoth Energy Services Price Performance

Shares of NASDAQ TUSK traded up $0.05 during mid-day trading on Thursday, reaching $3.66. The company had a trading volume of 62,611 shares, compared to its average volume of 109,597. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $5.18. The stock has a market cap of $176.14 million, a PE ratio of -7.63 and a beta of 1.75. The company has a current ratio of 2.57, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $3.60 and a two-hundred day moving average price of $3.54.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results on Friday, August 9th. The energy company reported ($3.25) earnings per share for the quarter. Mammoth Energy Services had a negative return on equity of 41.54% and a negative net margin of 82.30%. The company had revenue of $51.53 million during the quarter.

Hedge Funds Weigh In On Mammoth Energy Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings 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 valued at $2,645,000 after buying an additional 99,093 shares in the last quarter. Vanguard Group Inc. grew its stake in Mammoth Energy Services by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after acquiring an additional 17,369 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Mammoth Energy Services by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after purchasing an additional 10,796 shares during the period. Empowered Funds LLC increased its holdings in shares of Mammoth Energy Services by 8.0% in the 1st quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock valued at $267,000 after purchasing an additional 5,425 shares during the period. Finally, BNP Paribas Financial Markets lifted its position 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 worth $41,000 after purchasing an additional 4,035 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

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.