Insider Selling: Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Sells 20,000 Shares of Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Arthur L. Smith sold 20,000 shares of the business’s stock in a transaction dated 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 owns 130,034 shares in the company, valued at $326,385.34. This represents a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mammoth Energy Services Trading Up 4.6%

NASDAQ TUSK traded up $0.11 on Tuesday, hitting $2.51. The company’s stock had a trading volume of 192,351 shares, compared to its average volume of 140,043. Mammoth Energy Services, Inc. has a 1-year low of $1.68 and a 1-year high of $4.94. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $2.36 and its 200 day moving average is $2.73. The firm has a market cap of $120.80 million, a PE ratio of -0.61 and a beta of 1.48.

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

Hedge Funds Weigh In On Mammoth Energy Services

Several large investors have recently modified their holdings of TUSK. Northern Trust Corp grew its stake in Mammoth Energy Services by 2.1% in the 4th quarter. Northern Trust Corp now owns 206,039 shares of the energy company’s stock worth $618,000 after buying an additional 4,175 shares in the last quarter. Barclays PLC increased its stake in shares of Mammoth Energy Services by 7.8% in the 4th quarter. Barclays PLC now owns 61,549 shares of the energy company’s stock worth $185,000 after acquiring an additional 4,468 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Mammoth Energy Services by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 70,674 shares of the energy company’s stock valued at $212,000 after purchasing an additional 7,064 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Mammoth Energy Services by 45.8% during the 4th quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock valued at $69,000 after acquiring an additional 7,192 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Mammoth Energy Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 537,376 shares of the energy company’s stock valued at $1,612,000 after acquiring an additional 8,526 shares during the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a 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.