Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker Sells 3,494 Shares

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 3,494 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $3.61, for a total transaction of $12,613.34. Following the transaction, the director now directly owns 172,904 shares in the company, valued at approximately $624,183.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mammoth Energy Services Stock Down 3.1 %

Shares of NASDAQ TUSK traded down $0.11 during trading hours on Tuesday, hitting $3.46. 110,326 shares of the stock were exchanged, compared to its average volume of 109,454. The company has a quick ratio of 2.45, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. Mammoth Energy Services, Inc. has a 12 month low of $2.50 and a 12 month high of $4.95. The company has a market cap of $166.53 million, a PE ratio of -0.87 and a beta of 1.69. The firm has a fifty day moving average price of $4.09 and a 200-day moving average price of $3.72.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results 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 business had revenue of $40.02 million for the quarter. During the same quarter in the previous year, the company earned ($0.02) earnings per share.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.

Hedge Funds Weigh In On Mammoth Energy Services

Several hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its position in 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 worth $5,527,000 after acquiring an additional 178,240 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Mammoth Energy Services by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after acquiring an additional 99,093 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 worth $2,635,000 after buying an additional 17,369 shares during the period. Bank of New York Mellon Corp increased its stake in 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 buying an additional 10,796 shares during the period. Finally, Empowered Funds LLC boosted its holdings 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 purchasing an additional 4,154 shares in the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

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.