Mammoth Energy Services (NASDAQ:TUSK) Stock Price Down 0.7% - What's Next?

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) shares dropped 0.7% on Wednesday . The stock traded as low as $2.77 and last traded at $2.79. Approximately 47,293 shares traded hands during trading, a decline of 68% from the average daily volume of 148,399 shares. The stock had previously closed at $2.81.

Wall Street Analyst Weigh In

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

Mammoth Energy Services Stock Performance

The stock has a 50 day moving average of $2.67 and a two-hundred day moving average of $2.64. The stock has a market cap of $134.28 million, a PE ratio of -0.68 and a beta of 1.34.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The energy company reported ($0.01) EPS for the quarter. Mammoth Energy Services had a negative return on equity of 73.54% and a negative net margin of 94.61%. The firm had revenue of $62.47 million during the quarter.

Insiders Place Their Bets

In other Mammoth Energy Services news, Director Arthur L. Smith sold 50,000 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $2.51, for a total transaction of $125,500.00. Following the sale, the director directly owned 150,034 shares of the company's stock, valued at $376,585.34. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 85,000 shares of company stock worth $213,050. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Invesco Ltd. purchased a new position in Mammoth Energy Services during the fourth quarter valued at approximately $30,000. Occudo Quantitative Strategies LP purchased a new position in shares of Mammoth Energy Services during the 4th quarter valued at $41,000. Marshall Wace LLP acquired a new position in shares of Mammoth Energy Services in the fourth quarter worth $42,000. PDT Partners LLC purchased a new stake in shares of Mammoth Energy Services during the fourth quarter worth $46,000. Finally, Bank of America Corp DE raised its holdings in shares of Mammoth Energy Services by 45.8% during the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company's stock worth $69,000 after acquiring an additional 7,192 shares in the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

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.

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