Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) Director Arthur L. Smith sold 20,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $2.51, for a total value of $50,200.00. Following the transaction, the director now owns 130,034 shares of the company's stock, valued at approximately $326,385.34. The trade was a 13.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Mammoth Energy Services Price Performance
Shares of TUSK traded down $0.11 during mid-day trading on Friday, hitting $2.62. 110,212 shares of the stock were exchanged, compared to its average volume of 141,451. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The company has a market cap of $126.09 million, a PE ratio of -0.64 and a beta of 1.48. Mammoth Energy Services, Inc. has a 52-week low of $1.68 and a 52-week high of $4.94. The firm has a 50-day moving average of $2.39 and a two-hundred day moving average of $2.72.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported ($0.01) earnings per share for the quarter. 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 $62.47 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Mammoth Energy Services from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on TUSK
Institutional Trading of Mammoth Energy Services
Large investors have recently made changes to their positions in the business. Invesco Ltd. bought a new position in shares of Mammoth Energy Services in the 4th quarter valued at about $30,000. Occudo Quantitative Strategies LP purchased a new stake in Mammoth Energy Services during the fourth quarter valued at approximately $41,000. Marshall Wace LLP bought a new stake in shares of Mammoth Energy Services in the 4th quarter valued at approximately $42,000. PDT Partners LLC purchased a new position in shares of Mammoth Energy Services in the 4th quarter worth approximately $46,000. Finally, Bank of America Corp DE boosted its holdings in shares of Mammoth Energy Services by 45.8% in the 4th quarter. Bank of America Corp DE now owns 22,882 shares of the energy company's stock worth $69,000 after purchasing an additional 7,192 shares during the period. 79.67% of the stock is currently owned by institutional investors.
About Mammoth Energy Services
(
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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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