Mammoth Energy Services (NASDAQ:TUSK) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Mammoth Energy Services, Inc. (NASDAQ:TUSK)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.17 and traded as low as $1.7150. Mammoth Energy Services shares last traded at $1.78, with a volume of 117,652 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mammoth Energy Services in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Mammoth Energy Services Price Performance

The stock has a market cap of $85.78 million, a price-to-earnings ratio of -4.34 and a beta of 1.40. The company’s 50 day moving average is $2.17 and its 200 day moving average is $2.43.

Mammoth Energy Services (NASDAQ:TUSK) last issued its earnings results on Friday, October 31st. The energy company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Mammoth Energy Services had a negative net margin of 13.47% and a negative return on equity of 25.09%. The company had revenue of $14.80 million during the quarter, compared to analysts’ expectations of $42.70 million.

Institutional Trading of Mammoth Energy Services

A number of institutional investors have recently bought and sold shares of TUSK. Jane Street Group LLC increased its position in shares of Mammoth Energy Services by 48.3% in the second quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock valued at $48,000 after buying an additional 5,621 shares in the last quarter. Bank of America Corp DE grew its stake in Mammoth Energy Services by 45.8% in the 4th quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock valued at $69,000 after acquiring an additional 7,192 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Mammoth Energy Services during the 2nd quarter valued at about $27,000. Wealth Enhancement Advisory Services LLC purchased a new position in Mammoth Energy Services during the 2nd quarter valued at about $34,000. Finally, Wellington Management Group LLP raised its position in Mammoth Energy Services by 24.7% during the first quarter. Wellington Management Group LLP now owns 61,799 shares of the energy company’s stock worth $126,000 after acquiring an additional 12,238 shares during the last quarter. 79.67% of the stock is currently 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.