Mammoth Energy Services (NASDAQ:TUSK) Shares Pass Below 50-Day Moving Average – What’s Next?

Mammoth Energy Services, Inc. (NASDAQ:TUSK) shares 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 traded.

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 Trading Down 6.6 %

The firm has a 50-day simple moving average of $2.61 and a 200-day simple moving average of $3.26. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The stock has a market cap of $101.55 million, a PE ratio of -0.51 and a beta of 1.53.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings data 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 net margin of 105.49% and a negative return on equity of 53.85%. The company had revenue of $53.20 million for the quarter, compared to the consensus estimate of $39.50 million.

Institutional Investors Weigh In On Mammoth Energy Services

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. purchased a new position in Mammoth Energy Services during the fourth quarter valued at approximately $30,000. Occudo Quantitative Strategies LP bought a new position in Mammoth Energy Services in the 4th quarter valued at $41,000. Marshall Wace LLP purchased a new position in shares of Mammoth Energy Services during the 4th quarter valued at $42,000. FMR LLC increased its holdings 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 during the period. Finally, PDT Partners LLC bought a new position in shares of Mammoth Energy Services in the fourth quarter worth $46,000. 79.67% of the stock is owned by hedge funds and other institutional investors.

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.