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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) Director Arthur L. Smith sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 200,034 shares of the company’s stock, valued at $498,084.66. This represents a 6.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mammoth Energy Services Trading Up 3.7%

Mammoth Energy Services stock opened at $2.53 on Friday. The company has a 50 day moving average price of $2.35 and a 200 day moving average price of $2.76. Mammoth Energy Services, Inc. has a 52 week low of $1.68 and a 52 week high of $4.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The firm has a market capitalization of $121.76 million, a price-to-earnings ratio of -0.61 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th.

Institutional Investors Weigh In On Mammoth Energy Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rangeley Capital LLC purchased a new stake in Mammoth Energy Services in the 4th quarter worth approximately $1,297,000. Dimensional Fund Advisors LP lifted its position in Mammoth Energy Services by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 991,223 shares of the energy company’s stock worth $2,973,000 after buying an additional 98,295 shares in the last quarter. Empowered Funds LLC lifted its position in Mammoth Energy Services by 76.3% in the 4th quarter. Empowered Funds LLC now owns 146,574 shares of the energy company’s stock worth $440,000 after buying an additional 63,417 shares in the last quarter. Invesco Ltd. bought a new position in shares of Mammoth Energy Services during the 4th quarter valued at $30,000. Finally, Barclays PLC raised its holdings in shares of Mammoth Energy Services by 65.1% during the 3rd quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after purchasing an additional 22,503 shares in the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

About Mammoth Energy Services

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.