Mammoth Energy Services (NASDAQ:TUSK) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Mammoth Energy Services, Inc. (NASDAQ:TUSK) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.69 and traded as low as $2.85. Mammoth Energy Services shares last traded at $2.88, with a volume of 55,190 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.

Mammoth Energy Services Stock Down 1.4 %

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 $3.78 and a 200-day moving average price of $3.69. The firm has a market cap of $138.61 million, a price-to-earnings ratio of -0.70 and a beta of 1.62.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings data on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.49). The company 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 prior year, the company earned ($0.02) EPS.

Insider Activity

In related news, Director Corey J. Booker sold 10,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.43, for a total value of $34,300.00. Following the completion of the transaction, the director now owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. The trade was a 6.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 33,659 shares of company stock worth $115,657 over the last three months. 3.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mammoth Energy Services

A number of hedge funds and other institutional investors have recently modified their holdings of TUSK. SG Americas Securities LLC acquired a new stake in Mammoth Energy Services during the third quarter worth approximately $42,000. FMR LLC boosted its holdings in shares of Mammoth Energy Services by 32.7% during 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 last quarter. XTX Topco Ltd acquired a new stake in shares of Mammoth Energy Services during the third quarter worth $53,000. Wellington Management Group LLP purchased a new stake in shares of Mammoth Energy Services in the third quarter valued at $197,000. Finally, Barclays PLC increased its stake in Mammoth Energy Services by 65.1% in the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock valued at $233,000 after purchasing an additional 22,503 shares during the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

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.