Mammoth Energy Services, Inc. (NASDAQ:TUSK – Get 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
Mammoth Energy Services (NASDAQ:TUSK – Get 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
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.
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