Mammoth Energy Services (NASDAQ:TUSK) Downgraded by to “Sell”

Mammoth Energy Services (NASDAQ:TUSKGet Rating) was downgraded by from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Shares of TUSK opened at $2.66 on Tuesday. Mammoth Energy Services has a twelve month low of $1.35 and a twelve month high of $5.08. The firm’s fifty day simple moving average is $1.92 and its 200-day simple moving average is $2.20. The firm has a market capitalization of $124.18 million, a price-to-earnings ratio of -1.22 and a beta of 2.19. The company has a current ratio of 2.93, a quick ratio of 2.88 and a debt-to-equity ratio of 0.18.

Mammoth Energy Services (NASDAQ:TUSKGet Rating) last announced its quarterly earnings data on Friday, March 4th. The energy company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.05). Mammoth Energy Services had a negative net margin of 44.30% and a negative return on equity of 19.78%.

In other news, CFO Mark E. Layton sold 40,417 shares of the firm’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $2.04, for a total value of $82,450.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.17% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Mammoth Energy Services by 611.3% during the 2nd quarter. Bank of America Corp DE now owns 6,750 shares of the energy company’s stock worth $31,000 after acquiring an additional 5,801 shares in the last quarter. Virtu Financial LLC acquired a new stake in Mammoth Energy Services during the 4th quarter worth $29,000. Traynor Capital Management Inc. acquired a new position in Mammoth Energy Services in the first quarter valued at $36,000. BlackRock Inc. increased its stake in Mammoth Energy Services by 11.2% in the third quarter. BlackRock Inc. now owns 224,005 shares of the energy company’s stock valued at $651,000 after purchasing an additional 22,490 shares during the period. Finally, Boston Partners increased its stake in Mammoth Energy Services by 60.0% in the third quarter. Boston Partners now owns 76,378 shares of the energy company’s stock valued at $222,000 after purchasing an additional 28,653 shares during the period. Hedge funds and other institutional investors own 17.00% of the company’s stock.

About Mammoth Energy Services (Get Rating)

Mammoth Energy Services, Inc operates as an energy service company. The company operates in four segments: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, and Drilling Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution, and networks and substation facilities, including engineering, design, construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.

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