Mammoth Energy Services (NASDAQ:TUSK) Lifted to Hold at StockNews.com

Mammoth Energy Services (NASDAQ:TUSKGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Shares of NASDAQ TUSK opened at $1.85 on Thursday. Mammoth Energy Services has a fifty-two week low of $1.35 and a fifty-two week high of $5.08. The business has a 50 day moving average price of $2.16 and a two-hundred day moving average price of $2.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.88 and a current ratio of 2.93.

Mammoth Energy Services (NASDAQ:TUSKGet Rating) last issued its quarterly earnings data on Friday, March 4th. The energy company reported ($0.25) earnings per share for the quarter. Mammoth Energy Services had a negative net margin of 46.25% and a negative return on equity of 20.94%. The business had revenue of $57.23 million for the quarter.

In other news, CFO Mark E. Layton sold 40,417 shares of Mammoth Energy Services stock in a transaction that occurred on Thursday, March 10th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of TUSK. Virtu Financial LLC bought a new stake in shares of Mammoth Energy Services in the 4th quarter worth approximately $29,000. Bank of America Corp DE lifted its holdings in shares of Mammoth Energy Services by 611.3% in the 2nd quarter. Bank of America Corp DE now owns 6,750 shares of the energy company’s stock worth $31,000 after purchasing an additional 5,801 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in shares of Mammoth Energy Services in the 1st quarter worth approximately $36,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Mammoth Energy Services in the 1st quarter worth approximately $53,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Mammoth Energy Services in the 1st quarter worth approximately $53,000. Institutional investors own 64.78% of the company’s stock.

Mammoth Energy Services Company Profile (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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