Mammoth Energy Services (NASDAQ:TUSK) Raised to “Hold” at StockNews.com

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

Mammoth Energy Services Trading Down 6.6 %

TUSK opened at $2.70 on Friday. The stock has a market capitalization of $129.94 million, a price-to-earnings ratio of -0.66 and a beta of 1.62. 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 has a twelve month low of $2.50 and a twelve month high of $4.94. The company has a 50-day simple moving average of $3.45 and a 200 day simple moving average of $3.64.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, November 1st. The energy company reported ($0.50) EPS 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 firm earned ($0.02) EPS.

Insider Buying and Selling 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 dated Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the completion of the transaction, the director now owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. The trade was a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 33,659 shares of company stock valued at $115,657. 3.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mammoth Energy Services

Several hedge funds and other institutional investors have recently made changes to their positions in TUSK. SG Americas Securities LLC acquired a new stake in Mammoth Energy Services in the third quarter valued at approximately $42,000. FMR LLC boosted its holdings in shares of Mammoth Energy Services by 32.7% during the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after acquiring an additional 2,705 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at $53,000. Wellington Management Group LLP bought a new stake in Mammoth Energy Services during the 3rd quarter worth $197,000. Finally, Barclays PLC increased its holdings in Mammoth Energy Services by 65.1% in the 3rd quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock worth $233,000 after purchasing an additional 22,503 shares in the last quarter. 79.67% of the stock is owned by institutional investors.

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.