Insider Selling: Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Sells $34,300.00 in Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 directly owns 140,488 shares of the company’s stock, valued at $481,873.84. This represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mammoth Energy Services Stock Performance

NASDAQ TUSK opened at $3.58 on Friday. Mammoth Energy Services, Inc. has a 52 week low of $2.50 and a 52 week high of $4.95. The firm has a 50 day moving average of $4.02 and a two-hundred day moving average of $3.73. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings data 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 period in the prior year, the company posted ($0.02) earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Mammoth Energy Services in the third quarter valued at approximately $42,000. FMR LLC grew its holdings 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 worth $45,000 after buying an additional 2,705 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Mammoth Energy Services by 55.8% during the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock valued at $41,000 after acquiring an additional 4,035 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Mammoth Energy Services in the 3rd quarter valued at approximately $53,000. Finally, Wellington Management Group LLP acquired a new position in Mammoth Energy Services in the 3rd quarter valued at $197,000. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.