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

Mammoth Energy Services, Inc. (NASDAQ:TUSKGet Free Report) 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.

View Our Latest Stock Analysis on Mammoth Energy Services

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:TUSKGet Free Report) 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

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Mammoth Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mammoth Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.