Mammoth Energy Services (NASDAQ:TUSK) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Mammoth Energy Services, Inc. (NASDAQ:TUSK)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.63 and traded as low as $2.07. Mammoth Energy Services shares last traded at $2.26, with a volume of 106,309 shares traded.

Analysts Set New Price Targets

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 Trading Up 5.6 %

The company has a current ratio of 2.25, a quick ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $2.63 and a 200-day moving average price of $3.27. The company has a market capitalization of $108.77 million, a price-to-earnings ratio of -0.55 and a beta of 1.53.

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

Institutional Trading of Mammoth Energy Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. grew its position in Mammoth Energy Services by 1.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,100,000 shares of the energy company’s stock worth $12,300,000 after buying an additional 46,277 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Mammoth Energy Services by 7.3% in the 4th quarter. Royce & Associates LP now owns 1,449,922 shares of the energy company’s stock worth $4,350,000 after acquiring an additional 98,698 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mammoth Energy Services by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 991,223 shares of the energy company’s stock worth $2,973,000 after purchasing an additional 98,295 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mammoth Energy Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 537,376 shares of the energy company’s stock valued at $1,612,000 after purchasing an additional 8,526 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of Mammoth Energy Services by 14.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 460,274 shares of the energy company’s stock valued at $1,381,000 after purchasing an additional 57,017 shares during the period. 79.67% of the stock is owned by institutional investors and hedge funds.

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.