Mammoth Energy Services (NASDAQ:TUSK) Stock Passes Below 200-Day Moving Average - Time to Sell?

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Mammoth Energy Services from a "sell" rating to a "hold" rating in a research note on Monday, November 4th.

Mammoth Energy Services Trading Down 1.7 %

The business's 50 day simple moving average is $3.74 and its 200-day simple moving average is $3.69. 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 stock has a market capitalization of $136.20 million, a P/E ratio of -0.69 and a beta of 1.62.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last posted its quarterly earnings results 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 during 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 quarter in the prior year, the company earned ($0.02) EPS.

Insiders Place Their Bets

In other Mammoth Energy Services news, Director Corey J. Booker sold 10,000 shares of Mammoth Energy Services stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the transaction, the director now directly owns 140,488 shares in the company, valued at approximately $481,873.84. The trade was a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 33,659 shares of company stock worth $115,657. Insiders own 3.44% of the company's stock.

Institutional Investors Weigh In On Mammoth Energy Services

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Mammoth Energy Services by 2.5% in the 1st 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 during the period. Bank of New York Mellon Corp boosted its holdings in shares of Mammoth Energy Services by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company's stock valued at $546,000 after buying an additional 10,796 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 worth $2,645,000 after acquiring an additional 99,093 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Mammoth Energy Services during the third quarter worth $42,000. Finally, Royce & Associates LP raised its holdings in shares of Mammoth Energy Services by 15.2% during the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company's stock worth $5,527,000 after acquiring an additional 178,240 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.