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

Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

Wall Street Analysts Forecast Growth

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

Mammoth Energy Services Stock Performance

The company’s 50-day simple moving average is $2.61 and its 200 day simple moving average is $3.26. The stock has a market cap of $101.55 million, a P/E ratio of -0.51 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) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $53.20 million during the quarter, compared to analysts’ expectations of $39.50 million.

Institutional Trading of Mammoth Energy Services

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Mammoth Energy Services by 32.7% during the 3rd quarter. FMR LLC now owns 10,967 shares of the energy company’s stock valued at $45,000 after acquiring an additional 2,705 shares during the period. Northern Trust Corp lifted its stake in Mammoth Energy Services by 2.1% in the fourth quarter. Northern Trust Corp now owns 206,039 shares of the energy company’s stock valued at $618,000 after purchasing an additional 4,175 shares during the last quarter. Barclays PLC grew its holdings in Mammoth Energy Services by 7.8% during the fourth quarter. Barclays PLC now owns 61,549 shares of the energy company’s stock valued at $185,000 after purchasing an additional 4,468 shares during the period. State Street Corp increased its position in Mammoth Energy Services by 1.4% in the third quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after buying an additional 5,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Mammoth Energy Services by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 70,674 shares of the energy company’s stock valued at $212,000 after buying an additional 7,064 shares during the period. Hedge funds and other institutional investors 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.