StockNews.com Upgrades Mammoth Energy Services (NASDAQ:TUSK) to Hold

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

Mammoth Energy Services Stock Down 6.6 %

Shares of NASDAQ TUSK opened at $2.70 on Friday. 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’s 50-day simple moving average is $3.45 and its 200 day simple moving average is $3.64. The company has a market cap of $129.94 million, a price-to-earnings ratio of -0.66 and a beta of 1.62. Mammoth Energy Services has a 12-month low of $2.50 and a 12-month high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly 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). The business 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 prior year, the firm earned ($0.02) EPS.

Insider Activity at Mammoth Energy Services

In related news, Director Corey J. Booker sold 15,000 shares of Mammoth Energy Services stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $3.47, for a total transaction of $52,050.00. Following the completion of the sale, the director now owns 125,488 shares of the company’s stock, valued at approximately $435,443.36. The trade was a 10.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 33,659 shares of company stock worth $115,657. Company insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TUSK. Barclays PLC grew its position in shares of Mammoth Energy Services by 65.1% in the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after purchasing an additional 22,503 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mammoth Energy Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after purchasing an additional 9,852 shares during the period. XTX Topco Ltd acquired a new position in Mammoth Energy Services in the 3rd quarter valued at $53,000. Wellington Management Group LLP bought a new position in Mammoth Energy Services during the 3rd quarter worth $197,000. Finally, State Street Corp lifted its holdings in shares of Mammoth Energy Services by 1.4% during the third quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after buying an additional 5,400 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.