Mammoth Energy Services (NASDAQ:TUSK) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Mammoth Energy Services, Inc. (NASDAQ:TUSK) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $2.95 and traded as high as $3.25. Mammoth Energy Services shares last traded at $3.18, with a volume of 493,848 shares.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Mammoth Energy Services Price Performance

The business has a 50 day simple moving average of $2.95 and a 200 day simple moving average of $2.77. The company has a market cap of $153.05 million, a price-to-earnings ratio of 159.00 and a beta of 1.14.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Friday, October 30th. The energy company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.21. Mammoth Energy Services had a negative return on equity of 8.10% and a net margin of 0.98%. The company had revenue of $21.35 million during the quarter, compared to analyst estimates of $58.10 million.

Institutional Trading of Mammoth Energy Services

Several hedge funds have recently modified their holdings of TUSK. AXQ Capital LP bought a new position in Mammoth Energy Services in the 2nd quarter valued at $45,000. Round Rock Advisors LLC acquired a new position in shares of Mammoth Energy Services during the 2nd quarter worth about $497,000. Susquehanna International Group LLP grew its holdings in 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 purchasing an additional 13,621 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Mammoth Energy Services in the 2nd quarter valued at $108,000. Finally, Archer Investment Corp bought a new stake in shares of Mammoth Energy Services in the second quarter worth about $27,000. 79.67% of the stock is owned by institutional investors.

Mammoth Energy Services Company Profile

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.