Mammoth Energy Services (NASDAQ:TUSK) Stock Passes Below 50-Day Moving Average - Here's What Happened

Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.79 and traded as low as $2.09. Mammoth Energy Services shares last traded at $2.25, with a volume of 253,281 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a "sell" rating to a "hold" rating in a research report on Friday, December 27th.

Mammoth Energy Services Stock Down 2.7 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The firm's 50-day moving average is $2.77 and its 200 day moving average is $3.35. The firm has a market capitalization of $105.40 million, a PE ratio of -0.53 and a beta of 1.53.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last released its quarterly earnings results on Friday, March 7th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.31). The company had revenue of $53.20 million during the quarter, compared to analyst estimates of $39.50 million. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%.

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Institutional Investors Weigh In On Mammoth Energy Services

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Mammoth Energy Services by 32.7% during the third quarter. FMR LLC now owns 10,967 shares of the energy company's stock worth $45,000 after purchasing an additional 2,705 shares during the last quarter. Empowered Funds LLC grew its holdings in Mammoth Energy Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 83,157 shares of the energy company's stock valued at $340,000 after buying an additional 4,154 shares during the period. Northern Trust Corp increased its stake in shares of Mammoth Energy Services by 2.1% during the 4th quarter. Northern Trust Corp now owns 206,039 shares of the energy company's stock valued at $618,000 after acquiring an additional 4,175 shares during the last quarter. Barclays PLC increased its stake in shares of Mammoth Energy Services by 7.8% during the 4th quarter. Barclays PLC now owns 61,549 shares of the energy company's stock valued at $185,000 after acquiring an additional 4,468 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Mammoth Energy Services by 1.4% in the third quarter. State Street Corp now owns 403,688 shares of the energy company's stock worth $1,651,000 after acquiring an additional 5,400 shares during the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

About Mammoth Energy Services

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.