Mammoth Energy Services (NASDAQ:TUSK) Trading Down 0.7% - Here's What Happened

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.

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

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.