Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report)'s stock price rose 2.7% during trading on Wednesday . The company traded as high as $2.69 and last traded at $2.67. Approximately 69,691 shares traded hands during trading, a decline of 45% from the average daily volume of 127,729 shares. The stock had previously closed at $2.60.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Mammoth Energy Services from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.
Check Out Our Latest Stock Report on Mammoth Energy Services
Mammoth Energy Services Price Performance
The company has a market capitalization of $130.91 million, a PE ratio of -0.67 and a beta of 1.34. The company's fifty day moving average is $2.70 and its 200-day moving average is $2.61.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $62.47 million for the quarter.
Insiders Place Their Bets
In other news, Director Arthur L. Smith sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $2.51, for a total value of $125,500.00. Following the transaction, the director directly owned 150,034 shares in the company, valued at approximately $376,585.34. This represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 85,000 shares of company stock worth $213,050 in the last quarter. Insiders own 2.10% of the company's stock.
Institutional Investors Weigh In On Mammoth Energy Services
A number of large investors have recently modified their holdings of TUSK. Invesco Ltd. purchased a new position in shares of Mammoth Energy Services in the 4th quarter valued at $30,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mammoth Energy Services in the second quarter valued at about $34,000. Occudo Quantitative Strategies LP acquired a new position in Mammoth Energy Services during the fourth quarter worth about $41,000. Marshall Wace LLP purchased a new stake in shares of Mammoth Energy Services during the fourth quarter worth about $42,000. Finally, PDT Partners LLC purchased a new stake in shares of Mammoth Energy Services during the fourth quarter worth about $46,000. 79.67% of the stock is owned by hedge funds and other institutional investors.
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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