Mammoth Energy Services (NASDAQ:TUSK) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Mammoth Energy Services, Inc. (NASDAQ:TUSK) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.79 and traded as low as $2.09. Mammoth Energy Services shares last traded at $2.25, with a volume of 253,281 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

Mammoth Energy Services Stock Performance

The business’s 50 day simple moving average is $2.79 and its two-hundred day simple moving average is $3.37. The firm has a market capitalization of $108.29 million, a PE ratio of -0.55 and a beta of 1.53. The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings data on Friday, March 7th. The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.31). The firm had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $39.50 million. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%.

Institutional Trading of Mammoth Energy Services

Hedge funds have recently bought and sold shares of the stock. Royce & Associates LP grew its stake in shares of Mammoth Energy Services by 15.2% during the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after acquiring an additional 178,240 shares during the period. Empowered Funds LLC boosted its position in shares of Mammoth Energy Services by 5.3% in the third quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock worth $340,000 after purchasing an additional 4,154 shares during the period. FMR LLC increased its stake in shares of Mammoth Energy Services by 32.7% in the third quarter. FMR LLC now owns 10,967 shares of the energy company’s stock worth $45,000 after purchasing an additional 2,705 shares in the last quarter. State Street Corp raised its position in shares of Mammoth Energy Services by 1.4% during the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock valued at $1,651,000 after purchasing an additional 5,400 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Mammoth Energy Services during the 3rd quarter valued at $197,000. 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.