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

Key Points

• Mammoth Energy Services shares rose 9.3%, trading as high as $3.25 and closing at $3.18, above the 50-day moving average of $2.95.
• Despite the technical move, analyst sentiment remains negative: Weiss Ratings downgraded the stock within its Sell category, and the company has an average rating of “Sell.”
• The company beat quarterly EPS expectations with $0.01 versus the projected $0.20 loss, but revenue of $21.35 million fell well short of the $58.10 million estimate; institutional investors own 79.67% of the stock.

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

Analyst Ratings Changes

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

Mammoth Energy Services Trading Up 9.3%

The firm has a market cap of $153.05 million, a P/E ratio of 159.00 and a beta of 1.14. The business's fifty day moving average price is $2.95 and its two-hundred day moving average price is $2.77.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Mammoth Energy Services during the second quarter valued at approximately $1,326,000. Empowered Funds LLC grew its stake in shares of Mammoth Energy Services by 10.2% in the 1st quarter. Empowered Funds LLC now owns 241,313 shares of the energy company's stock valued at $591,000 after purchasing an additional 22,322 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Mammoth Energy Services by 24.7% in the 1st quarter. Renaissance Technologies LLC now owns 231,972 shares of the energy company's stock worth $568,000 after buying an additional 45,900 shares in the last quarter. Round Rock Advisors LLC acquired a new position in shares of Mammoth Energy Services in the 2nd quarter worth approximately $497,000. Finally, GSA Capital Partners LLP bought a new position in shares of Mammoth Energy Services during the second quarter valued at $421,000. 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.

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