Mammoth Energy Services (NASDAQ:TUSK) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.11 and traded as low as $3.04. Mammoth Energy Services shares last traded at $3.08, with a volume of 31,131 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised Mammoth Energy Services from a "sell" rating to a "hold" rating in a report on Friday, December 27th.

Mammoth Energy Services Trading Down 1.1 %

The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $146.56 million, a P/E ratio of -0.74 and a beta of 1.61. The firm's 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.63.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last released its earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.49). Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. The firm had revenue of $40.02 million during the quarter. During the same quarter in the previous year, the company posted ($0.02) earnings per share.

Insider Buying and Selling

In other Mammoth Energy Services news, Director Corey J. Booker sold 15,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $3.47, for a total value of $52,050.00. Following the completion of the sale, the director now owns 125,488 shares in the company, valued at approximately $435,443.36. The trade was a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 33,659 shares of company stock worth $115,657 in the last quarter. 3.44% of the stock is owned by insiders.

Institutional Trading of Mammoth Energy Services

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Mammoth Energy Services during the third quarter valued at $42,000. FMR LLC boosted its holdings in Mammoth Energy Services by 32.7% in the third quarter. FMR LLC now owns 10,967 shares of the energy company's stock worth $45,000 after purchasing an additional 2,705 shares during the last quarter. XTX Topco Ltd bought a new stake in Mammoth Energy Services in the 3rd quarter worth approximately $53,000. Wellington Management Group LLP bought a new position in shares of Mammoth Energy Services during the 3rd quarter valued at $197,000. Finally, Barclays PLC boosted its stake in shares of Mammoth Energy Services by 65.1% in the 3rd quarter. Barclays PLC now owns 57,081 shares of the energy company's stock worth $233,000 after buying an additional 22,503 shares during the last quarter. Institutional investors own 79.67% of the company's stock.

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.