Arthur L. Smith Sells 15,000 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSKGet Free Report) Director Arthur L. Smith sold 15,000 shares of Mammoth Energy Services stock in a transaction on Monday, May 19th. The stock was sold at an average price of $2.49, for a total transaction of $37,350.00. Following the transaction, the director now directly owns 200,034 shares in the company, valued at approximately $498,084.66. This represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mammoth Energy Services Trading Down 5.1%

Shares of NASDAQ TUSK opened at $2.40 on Friday. The company’s fifty day moving average is $2.36 and its 200-day moving average is $2.75. The stock has a market cap of $115.50 million, a price-to-earnings ratio of -0.58 and a beta of 1.48. Mammoth Energy Services, Inc. has a twelve month low of $1.68 and a twelve month 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.

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

Hedge Funds Weigh In On Mammoth Energy Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. raised its holdings in shares of Mammoth Energy Services by 1.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 4,150,000 shares of the energy company’s stock worth $8,466,000 after acquiring an additional 50,000 shares during the period. Royce & Associates LP raised its holdings in shares of Mammoth Energy Services by 7.3% during the fourth quarter. Royce & Associates LP now owns 1,449,922 shares of the energy company’s stock worth $4,350,000 after acquiring an additional 98,698 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Mammoth Energy Services by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 991,223 shares of the energy company’s stock worth $2,973,000 after acquiring an additional 98,295 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mammoth Energy Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 537,376 shares of the energy company’s stock worth $1,612,000 after acquiring an additional 8,526 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Mammoth Energy Services by 14.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 460,274 shares of the energy company’s stock worth $1,381,000 after acquiring an additional 57,017 shares during the period. 79.67% of the stock is owned by institutional investors.

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 Research Report on TUSK

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.

Further Reading

Insider Buying and Selling by Quarter for Mammoth Energy Services (NASDAQ:TUSK)

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