Mammoth Energy Services (NASDAQ:TUSK) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Mammoth Energy Services, Inc. (NASDAQ:TUSK) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.11 and traded as low as $3.04. Mammoth Energy Services shares last traded at $3.08, with a volume of 31,131 shares.

Analyst Upgrades and Downgrades

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 Up 1.3 %

The firm has a 50-day moving average of $3.11 and a two-hundred day moving average of $3.63. The firm has a market cap of $148.23 million, a price-to-earnings ratio of -0.75 and a beta of 1.61. 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 issued its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). The business had revenue of $40.02 million for the quarter. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. During the same period in the previous year, the business posted ($0.02) EPS.

Insider Transactions at Mammoth Energy Services

In other Mammoth Energy Services news, Director Corey J. Booker sold 10,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.43, for a total transaction of $34,300.00. Following the sale, the director now directly owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This represents a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 33,659 shares of company stock valued at $115,657. 3.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mammoth Energy Services

Large investors have recently modified their holdings of the stock. Royce & Associates LP raised its position in shares of Mammoth Energy Services by 15.2% during the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after acquiring an additional 178,240 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mammoth Energy Services by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after purchasing an additional 99,093 shares during the period. Geode Capital Management LLC raised its holdings in Mammoth Energy Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock worth $2,163,000 after purchasing an additional 9,852 shares during the last quarter. State Street Corp lifted its position in 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, Empowered Funds LLC boosted its stake in shares of Mammoth Energy Services by 76.3% in the 4th quarter. Empowered Funds LLC now owns 146,574 shares of the energy company’s stock valued at $440,000 after purchasing an additional 63,417 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

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.