Mammoth Energy Services (NASDAQ:TUSK) Issues Earnings Results

Mammoth Energy Services (NASDAQ:TUSK) issued its quarterly earnings data on Friday. The energy company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.31), RTT News reports. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. The company had revenue of $53.20 million for the quarter, compared to analyst estimates of $39.50 million.

Mammoth Energy Services Stock Performance

TUSK opened at $1.97 on Friday. Mammoth Energy Services has a 1-year low of $1.95 and a 1-year high of $4.94. The business has a 50 day moving average price of $2.87 and a two-hundred day moving average price of $3.42. The company has a market capitalization of $94.81 million, a price-to-earnings ratio of -0.48 and a beta of 1.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13.

Institutional Investors Weigh In On Mammoth Energy Services

An institutional investor recently raised its position in Mammoth Energy Services stock. Bank of America Corp DE lifted its stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,882 shares of the energy company’s stock after acquiring an additional 7,192 shares during the quarter. Bank of America Corp DE’s holdings in Mammoth Energy Services were worth $69,000 as of its most recent filing with the Securities and Exchange Commission. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

Mammoth Energy Services Company Profile

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.