Mammoth Energy Services (NASDAQ:TUSK) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Mammoth Energy Services, Inc. (NASDAQ:TUSK)’s share price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.99 and traded as low as $2.69. Mammoth Energy Services shares last traded at $2.72, with a volume of 46,383 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Mammoth Energy Services Stock Performance

The stock’s 50 day moving average price is $2.98 and its 200 day moving average price is $2.96. The company has a market capitalization of $128.50 million, a P/E ratio of 133.50 and a beta of 1.14.

Mammoth Energy Services (NASDAQ:TUSK) last announced its quarterly earnings data on Friday, August 7th. The energy company reported ($0.01) EPS for the quarter. The company had revenue of $26.05 million for the quarter. Mammoth Energy Services had a negative return on equity of 8.10% and a net margin of 0.98%.

Institutional Trading of Mammoth Energy Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TUSK. AXQ Capital LP acquired a new stake in Mammoth Energy Services in the second quarter valued at approximately $45,000. Round Rock Advisors LLC bought a new stake in shares of Mammoth Energy Services during the second quarter valued at approximately $497,000. Susquehanna International Group LLP increased its holdings in shares of Mammoth Energy Services by 37.5% during the second quarter. Susquehanna International Group LLP now owns 49,920 shares of the energy company’s stock valued at $162,000 after acquiring an additional 13,621 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Mammoth Energy Services during the second quarter worth approximately $108,000. Finally, Archer Investment Corp acquired a new position in shares of Mammoth Energy Services during the second quarter worth approximately $27,000. 79.67% of the stock is owned by institutional investors.

About Mammoth Energy Services

Mammoth Energy Services, Inc (NASDAQ:TUSK) is an energy infrastructure and services company headquartered in Oklahoma City, Oklahoma. The company provides services to electric utilities, oil and gas producers, and other energy-related customers in the United States and Canada.

Its infrastructure services include the construction, maintenance, repair, and restoration of electric transmission and distribution systems, substations, and related facilities. Mammoth also provides engineering, procurement, and construction services, as well as emergency response and storm-recovery work for utility infrastructure.

Historically, the company has also operated businesses supporting oil and gas exploration and production.