Lowers Mammoth Energy Services (NASDAQ:TUSK) to Sell

Mammoth Energy Services (NASDAQ:TUSKGet Rating) was downgraded by from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Shares of NASDAQ:TUSK traded up $0.09 on Wednesday, hitting $2.28. The company had a trading volume of 152,887 shares, compared to its average volume of 364,076. The business has a 50 day moving average of $2.18 and a 200 day moving average of $2.01. Mammoth Energy Services has a 52-week low of $1.35 and a 52-week high of $5.08. The company has a market cap of $107.58 million, a PE ratio of -1.02 and a beta of 2.00. The company has a current ratio of 3.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.19.

Mammoth Energy Services (NASDAQ:TUSKGet Rating) last announced its quarterly earnings data on Friday, March 4th. The energy company reported ($0.25) EPS for the quarter. Mammoth Energy Services had a negative net margin of 46.25% and a negative return on equity of 21.35%. The business had revenue of $57.23 million during the quarter.

In other news, CFO Mark E. Layton sold 40,417 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $2.04, for a total transaction of $82,450.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.66% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in 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 valued at $31,000 after purchasing an additional 5,801 shares in the last quarter. Virtu Financial LLC acquired a new stake in Mammoth Energy Services in the fourth quarter valued at approximately $29,000. Traynor Capital Management Inc. purchased a new stake in shares of Mammoth Energy Services during the first quarter valued at approximately $36,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Mammoth Energy Services during the first quarter worth $53,000. Finally, NewEdge Advisors LLC acquired a new stake in Mammoth Energy Services during the 1st quarter valued at $53,000. 64.78% of the stock is owned by institutional investors.

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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