Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) dropped 0.7% during trading on Wednesday . The stock traded as low as $2.77 and last traded at $2.79. Approximately 47,293 shares changed hands during trading, a decline of 68% from the average daily volume of 148,399 shares. The stock had previously closed at $2.81.
Analyst Ratings Changes
Separately, Wall Street Zen raised Mammoth Energy Services from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.
View Our Latest Stock Analysis on TUSK
Mammoth Energy Services Price Performance
The firm has a market capitalization of $131.68 million, a PE ratio of -0.67 and a beta of 1.34. The firm has a fifty day moving average price of $2.67 and a 200 day moving average price of $2.63.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported ($0.01) earnings per share for the quarter. The business had revenue of $62.47 million for the quarter. Mammoth Energy Services had a negative net margin of 94.61% and a negative return on equity of 73.54%.
Insiders Place Their Bets
In related news, Director Arthur L. Smith sold 50,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $2.51, for a total transaction of $125,500.00. Following the transaction, the director directly owned 150,034 shares of the company's stock, valued at approximately $376,585.34. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 85,000 shares of company stock worth $213,050 over the last quarter. 2.10% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TUSK. Rangeley Capital LLC acquired a new position in Mammoth Energy Services during the fourth quarter valued at $1,297,000. Royce & Associates LP increased its position in Mammoth Energy Services by 7.3% in the 4th quarter. Royce & Associates LP now owns 1,449,922 shares of the energy company's stock worth $4,350,000 after purchasing an additional 98,698 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mammoth Energy Services by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 991,223 shares of the energy company's stock worth $2,973,000 after purchasing an additional 98,295 shares during the last quarter. Bridgeway Capital Management LLC increased its position in Mammoth Energy Services by 14.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 460,274 shares of the energy company's stock worth $1,381,000 after purchasing an additional 57,017 shares during the last quarter. Finally, NBC Securities Inc. increased 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 worth $116,000 after purchasing an additional 56,884 shares during the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.
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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