Mammoth Energy Services (NASDAQ:TUSK) Trading Down 0.5% – Here’s Why

Mammoth Energy Services, Inc. (NASDAQ:TUSK)’s share price fell 0.5% on Monday . The company traded as low as $1.92 and last traded at $1.96. 151,213 shares changed hands during trading, an increase of 57% from the average session volume of 96,517 shares. The stock had previously closed at $1.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mammoth Energy Services in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Mammoth Energy Services Stock Down 0.5%

The company has a market capitalization of $94.45 million, a PE ratio of -4.78 and a beta of 1.41. The firm’s 50 day simple moving average is $2.25 and its 200-day simple moving average is $2.47.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, October 31st. The energy company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $14.80 million during the quarter, compared to analyst estimates of $42.70 million. Mammoth Energy Services had a negative net margin of 13.47% and a negative return on equity of 25.09%.

Institutional Investors Weigh In On Mammoth Energy Services

Institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in Mammoth Energy Services during the second quarter valued at $27,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Mammoth Energy Services in the 2nd quarter valued at about $34,000. Jane Street Group LLC grew its position in shares of Mammoth Energy Services by 48.3% during the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock valued at $48,000 after buying an additional 5,621 shares during the last quarter. Steinberganna Wealth Management bought a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at about $56,000. Finally, Bank of America Corp DE raised its stake in Mammoth Energy Services by 45.8% during the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock worth $69,000 after acquiring an additional 7,192 shares during the period. Institutional investors and hedge funds own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

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.