Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Arthur L. Smith Sells 20,000 Shares

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 on Thursday, May 22nd. The stock was sold at an average price of $2.51, for a total transaction of $50,200.00. Following the transaction, the director now directly owns 130,034 shares of the company's stock, valued at approximately $326,385.34. This trade represents a 13.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mammoth Energy Services Price Performance

Shares of NASDAQ:TUSK traded down $0.11 during midday trading on Friday, hitting $2.62. The company's stock had a trading volume of 110,213 shares, compared to its average volume of 142,269. 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 business's 50 day simple moving average is $2.40 and its 200 day simple moving average is $2.70. Mammoth Energy Services, Inc. has a 12-month low of $1.68 and a 12-month high of $4.94. The company has a market cap of $126.09 million, a P/E ratio of -0.64 and a beta of 1.48.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $62.47 million during the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC grew its holdings in shares of Mammoth Energy Services by 8.9% in the first quarter. Empowered Funds LLC now owns 159,685 shares of the energy company's stock valued at $326,000 after purchasing an additional 13,111 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Mammoth Energy Services by 1.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 4,150,000 shares of the energy company's stock valued at $8,466,000 after buying an additional 50,000 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Mammoth Energy Services by 24.7% in the 1st quarter. Wellington Management Group LLP now owns 61,799 shares of the energy company's stock valued at $126,000 after buying an additional 12,238 shares in the last quarter. Nuveen LLC acquired a new position in shares of Mammoth Energy Services in the 1st quarter valued at $75,000. Finally, NBC Securities Inc. raised its position in Mammoth Energy Services by 101,578.6% in the 1st quarter. NBC Securities Inc. now owns 56,940 shares of the energy company's stock valued at $116,000 after purchasing an additional 56,884 shares during the last quarter. Institutional investors and hedge funds own 79.67% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mammoth Energy Services from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

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.