Corey J. Booker Sells 10,000 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Corey J. Booker sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.43, for a total transaction of $34,300.00. Following the transaction, the director now directly owns 140,488 shares in the company, valued at $481,873.84. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mammoth Energy Services Stock Performance

Shares of TUSK stock opened at $3.58 on Thursday. Mammoth Energy Services, Inc. has a 12-month low of $2.50 and a 12-month high of $4.95. The business’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $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. The company has a market cap of $172.31 million, a PE ratio of -0.89 and a beta of 1.69.

Mammoth Energy Services (NASDAQ:TUSK) last released 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). The company had revenue of $40.02 million during 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 previous year, the business earned ($0.02) EPS.

Institutional Trading of Mammoth Energy Services

Several large investors have recently made changes to their positions in the business. Royce & Associates LP grew its stake in shares of 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 purchasing an additional 178,240 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after buying an additional 99,093 shares in the last quarter. Vanguard Group Inc. grew its position in Mammoth Energy Services by 2.5% during the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after buying an additional 17,369 shares during the period. Geode Capital Management LLC grew its position in Mammoth Energy Services by 1.9% during the third quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after buying an additional 9,852 shares during the period. Finally, State Street Corp increased its holdings in Mammoth Energy Services by 1.4% in the third quarter. State Street Corp now owns 403,688 shares of the energy company’s stock valued at $1,651,000 after buying an additional 5,400 shares in the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.