Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) Director Corey J. Booker sold 10,000 shares of Mammoth Energy Services 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Mammoth Energy Services Stock Up 7.0 %
Shares of TUSK opened at $3.66 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The firm has a 50 day simple moving average of $4.03 and a 200-day simple moving average of $3.73. Mammoth Energy Services, Inc. has a 1-year low of $2.50 and a 1-year high of $4.95.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The energy company reported ($0.50) earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the business posted ($0.02) earnings per share.
Institutional Trading of Mammoth Energy Services
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Several hedge funds and other institutional investors have recently bought and sold shares of TUSK. BNP Paribas Financial Markets grew its stake in 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 during the period. Vanguard Group Inc. grew its stake in Mammoth Energy Services by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company's stock worth $2,635,000 after acquiring an additional 17,369 shares during the period. Bank of New York Mellon Corp grew 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 worth $546,000 after acquiring an additional 10,796 shares during the period. Dimensional Fund Advisors LP grew its stake in Mammoth Energy Services by 14.0% in the 2nd 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 during the period. Finally, SG Americas Securities LLC purchased a new stake in Mammoth Energy Services in the 3rd quarter worth approximately $42,000. 79.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Mammoth Energy Services from a "sell" rating to a "hold" rating in a research report on Monday, November 4th.
Get Our Latest Stock Analysis on TUSK
About Mammoth Energy Services
(
Get Free Report)
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.
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