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

Mammoth Energy Services, Inc. (NASDAQ:TUSK) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.99 and traded as high as $3.34. Mammoth Energy Services shares last traded at $3.32, with a volume of 111,338 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TUSK shares. Weiss Ratings downgraded shares of Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Wall Street Zen raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Mammoth Energy Services Stock Up 3.4%

The firm’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $2.73. The firm has a market capitalization of $159.79 million, a PE ratio of 166.00 and a beta of 1.15.

Insiders Place Their Bets

In other news, insider Wexford Capital Lp acquired 4,019,574 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $2.60 per share, for a total transaction of $10,450,892.40. Following the acquisition, the insider directly owned 10,620,789 shares in the company, valued at approximately $27,614,051.40. The trade was a 60.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 4,029,574 shares of company stock valued at $10,483,352. 2.00% of the stock is owned by insiders.

Institutional Trading of Mammoth Energy Services

A number of institutional investors and hedge funds have recently modified their holdings of the business. Adage Capital Partners GP L.L.C. raised its stake in shares of Mammoth Energy Services by 10.2% in the second quarter. Adage Capital Partners GP L.L.C. now owns 4,575,000 shares of the energy company’s stock worth $12,810,000 after purchasing an additional 425,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mammoth Energy Services by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 585,719 shares of the energy company’s stock valued at $1,084,000 after buying an additional 6,614 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Mammoth Energy Services by 5.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 409,991 shares of the energy company’s stock valued at $758,000 after buying an additional 20,027 shares during the last quarter. BlackRock Inc. bought a new stake in Mammoth Energy Services in the 2nd quarter worth about $1,326,000. Finally, Russell Investments Group Ltd. increased its holdings in Mammoth Energy Services by 11,736.0% in the 4th quarter. Russell Investments Group Ltd. now owns 247,491 shares of the energy company’s stock worth $458,000 after buying an additional 245,400 shares in the last quarter. Institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc, headquartered in Houston, Texas, is a diversified energy services company that primarily provides hydraulic fracturing and complementary well completion and production services to oil and natural gas exploration and production companies across North America. Its core offerings include fracturing, coiled tubing, cementing, wireline, nitrogen pumping, and pressure pumping equipment, supported by proprietary fluid blends and digital monitoring systems. In addition to conventional oilfield services, the company operates a dedicated solar division—Mammoth Solar—that delivers engineering, procurement and construction (EPC) services for utility-scale and commercial solar projects.

Mammoth’s fracturing operations are focused on major shale plays such as the Permian Basin, Eagle Ford, Bakken, Williston Basin, and Rockies regions.