Mammoth Energy Services Downgraded to "Sell" by StockNews.com

Mammoth Energy Services (NASDAQ:TUSK) has been downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating. This change was officially announced in a research report distributed to investors on Thursday.

Mammoth Energy Services Stock Performance

On Thursday, shares of TUSK experienced a slight decline, trading down by $0.01 to reach a price of $2.82. The trading volume was recorded at 79,573 shares, which is lower than the average volume of 108,806 for this stock. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25, and a quick ratio of 2.13. The stock's 50-day moving average price is $3.70, while the 200-day moving average price stands at $3.68. Over the past year, Mammoth Energy Services has seen a low of $2.50 and a high of $4.94. Currently, the company's market capitalization is $135.72 million, with a price-to-earnings ratio of -0.68 and a beta value of 1.62.

Mammoth Energy Services reported its most recent earnings results on November 1st. The energy company posted earnings per share (EPS) of ($0.50) for the quarter, falling short of analysts' expectations, which were set at ($0.01), by a margin of $0.49. The company reported a negative net margin of 105.49% alongside a negative return on equity of 53.85%. Total revenue for the quarter was recorded at $40.02 million, compared to the previous year where the firm reported an EPS of ($0.02).

Insider Transactions at Mammoth Energy Services

In other news, company director Corey J. Booker sold 10,000 shares of Mammoth Energy Services stock on November 22nd for an average price of $3.43, resulting in a total transaction value of $34,300. Following this sale, Booker now holds 140,488 shares of the company, valued at approximately $481,873.84, which reflects a decrease of 6.65% in their ownership. This transaction has been disclosed in a legal filing with the SEC. Over the last ninety days, insiders have sold 33,659 shares of company stock, amounting to $115,657 in total. Currently, insiders own 3.44% of the company's stock.

Institutional Inflows and Outflows

Recently, several hedge funds have adjusted their holdings of Mammoth Energy Services. For instance, FMR LLC increased its stake in the company by 32.7% during the third quarter, now owning 10,967 shares valued at $45,000 after adding 2,705 shares to their holdings. Empowered Funds LLC also raised their position by 5.3%, acquiring an additional 4,154 shares to hold a total of 83,157 shares worth $340,000. Similarly, State Street Corp increased its holdings by 1.4%, now owning 403,688 shares valued at $1,651,000 after buying an extra 5,400 shares. Additionally, Geode Capital Management LLC raised its stake by 1.9%, bringing its total to 528,850 shares worth about $2,163,000 after acquiring 9,852 shares. Lastly, SG Americas Securities LLC entered a new position valued at approximately $42,000 during the third quarter. Overall, institutional investors currently own 79.67% of the company's stock.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company, providing a range of services in the United States, Canada, and internationally. The company is divided into four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. Their offerings include pressure pumping and hydraulic fracturing, sand hauling, and water transfer services, along with master services agreements.

Mammoth, Energy, Stock