Insider Selling: Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Sells $12,613.34 in Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 3,494 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $3.61, for a total value of $12,613.34. Following the completion of the transaction, the director now directly owns 172,904 shares in the company, valued at approximately $624,183.44. This represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mammoth Energy Services Trading Down 1.7 %

Shares of Mammoth Energy Services stock opened at $3.45 on Friday. The stock’s fifty day moving average is $4.08 and its two-hundred day moving average is $3.72. Mammoth Energy Services, Inc. has a 52 week low of $2.50 and a 52 week high of $4.95. 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 (NASDAQ:TUSK) last posted its earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. The business had revenue of $40.02 million for the quarter. During the same quarter last year, the business earned ($0.02) earnings per share.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Mammoth Energy Services

A number of large investors have recently bought and sold shares of TUSK. BNP Paribas Financial Markets raised its position in shares of Mammoth Energy Services by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock worth $41,000 after acquiring an additional 4,035 shares in the last quarter. SG Americas Securities LLC purchased a new position in Mammoth Energy Services in the third quarter valued at about $42,000. FMR LLC lifted its position in shares of Mammoth Energy Services by 32.7% during the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after buying an additional 2,705 shares during the last quarter. Empowered Funds LLC boosted 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 buying an additional 5,425 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 worth $546,000 after buying an additional 10,796 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.

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.