Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report)'s stock price crossed 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 traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Mammoth Energy Services from a "hold" rating to a "sell" rating in a report on Thursday, September 5th.
View Our Latest Stock Report on Mammoth Energy Services
Mammoth Energy Services Stock Performance
The stock's fifty day simple moving average is $3.65 and its two-hundred day simple moving average is $3.54. The company has a current ratio of 2.57, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16.
Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last announced its earnings results on Friday, August 9th. The energy company reported ($3.25) earnings per share (EPS) for the quarter. The company had revenue of $51.53 million for the quarter. Mammoth Energy Services had a negative net margin of 82.30% and a negative return on equity of 41.54%.
Institutional Investors Weigh In On Mammoth Energy Services
Several institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of Mammoth Energy Services by 8.0% in the first quarter. Empowered Funds LLC now owns 73,423 shares of the energy company's stock worth $267,000 after acquiring an additional 5,425 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Mammoth Energy Services by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company's stock worth $41,000 after purchasing an additional 4,035 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Mammoth Energy Services by 2.5% in the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company's stock worth $2,635,000 after buying an additional 17,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mammoth Energy Services by 14.0% during the 2nd 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in 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 during the period. Hedge funds and other institutional investors own 79.67% of the company's stock.
About Mammoth Energy Services
(
Get Free Report)
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.
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