Mammoth Energy Services (NASDAQ:TUSK) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Mammoth Energy Services, Inc. (NASDAQ:TUSK) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.79 and traded as low as $2.09. Mammoth Energy Services shares last traded at $2.25, with a volume of 253,281 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 note on Friday, December 27th.

Mammoth Energy Services Trading Up 6.1 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The business’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $3.37. The company has a market capitalization of $108.29 million, a price-to-earnings ratio of -0.55 and a beta of 1.53.

Mammoth Energy Services (NASDAQ:TUSK) last issued its quarterly earnings results 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 return on equity of 53.85% and a negative net margin of 105.49%. The firm had revenue of $53.20 million for the quarter, compared to analyst estimates of $39.50 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. acquired a new position in shares of Mammoth Energy Services during the fourth quarter worth about $30,000. FMR LLC grew its position in 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 buying an additional 2,705 shares during the period. XTX Topco Ltd acquired a new position in Mammoth Energy Services during the third quarter worth about $53,000. Occudo Quantitative Strategies LP acquired a new position in Mammoth Energy Services during the fourth quarter worth about $41,000. Finally, Marshall Wace LLP acquired a new position in Mammoth Energy Services during the fourth quarter worth about $42,000. 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.