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

Key Points

• Mammoth Energy Services shares rose 3.4%, trading as high as $3.34 and closing near $3.32, above the 50-day moving average of $2.99. The stock’s 200-day moving average is $2.73.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock’s sell rating, while Wall Street Zen upgraded it to hold. MarketBeat reports a consensus rating of “Sell.”
• Insider Wexford Capital acquired approximately 4.02 million shares for $10.45 million, increasing its position by 60.89%; institutional investors own about 79.67% of the company.

Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report)'s share price 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.

Analyst Ratings Changes

Several research analysts recently commented 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 shares of Mammoth Energy Services from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Mammoth Energy Services Trading Up 3.4%

The business's 50 day moving average price is $2.99 and its two-hundred day moving average price is $2.73. The stock has a market cap of $159.79 million, a P/E 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 business's stock in a transaction on Wednesday, June 17th. The shares were acquired at an average cost of $2.60 per share, with a total value of $10,450,892.40. Following the transaction, the insider owned 10,620,789 shares in the company, valued at $27,614,051.40. The trade was a 60.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 4,029,574 shares of company stock worth $10,483,352. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TUSK. Sei Investments Co. purchased a new stake in Mammoth Energy Services in the first quarter worth $33,000. Virtu Financial LLC purchased a new position in Mammoth Energy Services during the third quarter valued at $32,000. Franklin Resources Inc. bought a new stake in shares of Mammoth Energy Services during the 3rd quarter valued at $36,000. Sanctuary Advisors LLC bought a new stake in shares of Mammoth Energy Services during the 1st quarter valued at $41,000. Finally, Jane Street Group LLC grew its position in shares of Mammoth Energy Services by 48.3% in the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company's stock worth $48,000 after buying an additional 5,621 shares during the period. Hedge funds and other institutional investors own 79.67% of the company's stock.

About Mammoth Energy Services

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.

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