Mammoth Energy Services (NASDAQ:TUSK) Shares Cross Below Fifty Day Moving Average of $3.64

Mammoth Energy Services, Inc. (NASDAQ:TUSK)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.64 and traded as low as $3.57. Mammoth Energy Services shares last traded at $3.68, with a volume of 128,017 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Mammoth Energy Services from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

Mammoth Energy Services Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.57 and a quick ratio of 2.45. The stock’s 50-day moving average is $3.64 and its two-hundred day moving average is $3.54. The company has a market cap of $177.12 million, a P/E ratio of -7.67 and a beta of 1.67.

Mammoth Energy Services (NASDAQ:TUSK) last released its quarterly earnings results on Friday, August 9th. The energy company reported ($3.25) earnings per share for the quarter. Mammoth Energy Services had a negative net margin of 82.30% and a negative return on equity of 41.54%. The firm had revenue of $51.53 million for the quarter.

Institutional Investors Weigh In On Mammoth Energy Services

A number of large investors have recently made changes to their positions in TUSK. BNP Paribas Financial Markets increased its holdings in Mammoth Energy Services by 55.8% during the first quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock valued at $41,000 after buying an additional 4,035 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Mammoth Energy Services by 8.0% in the 1st quarter. Empowered Funds LLC now owns 73,423 shares of the energy company’s stock worth $267,000 after purchasing an additional 5,425 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Mammoth Energy Services by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock worth $546,000 after purchasing an additional 10,796 shares in the last quarter. Vanguard Group Inc. lifted its position in Mammoth Energy Services by 2.5% during the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after purchasing an additional 17,369 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after purchasing an additional 99,093 shares during the period. 79.67% of the stock is currently owned by 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.