Mammoth Energy Services (NASDAQ:TUSK) Issues Earnings Results, Misses Estimates By $0.31 EPS

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

Mammoth Energy Services Stock Down 8.4 %

Shares of TUSK stock opened at $1.97 on Friday. The company has a market capitalization of $94.81 million, a price-to-earnings ratio of -0.48 and a beta of 1.57. The company’s fifty day moving average price is $2.87 and its 200-day moving average price is $3.43. Mammoth Energy Services has a one year low of $1.95 and a one year high of $4.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13.

Wall Street Analyst Weigh In

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.

Hedge Funds Weigh In On Mammoth Energy Services

An institutional investor recently raised its position in Mammoth Energy Services stock. Bank of America Corp DE grew its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 45.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,882 shares of the energy company’s stock after buying an additional 7,192 shares during the period. Bank of America Corp DE’s holdings in Mammoth Energy Services were worth $69,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 79.67% of the company’s stock.

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.