Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) issued its quarterly earnings data on Friday. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.31), RTT News reports. The business had revenue of $53.20 million during the quarter, compared to the consensus estimate of $39.50 million. Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%.
Mammoth Energy Services Stock Performance
TUSK stock traded up $0.00 during midday trading on Monday, hitting $1.97. 79,518 shares of the company traded hands, compared to its average volume of 80,999. Mammoth Energy Services has a twelve month low of $1.91 and a twelve month high of $4.94. The stock has a market capitalization of $95.00 million, a price-to-earnings ratio of -0.47 and a beta of 1.53. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The business has a 50 day simple moving average of $2.87 and a 200-day simple moving average of $3.42.
Analyst Ratings Changes
Separately, StockNews.com upgraded Mammoth Energy Services from a "sell" rating to a "hold" rating in a research note on Friday, December 27th.
View Our Latest Analysis on Mammoth Energy Services
Institutional Trading of Mammoth Energy Services
A hedge fund recently raised its stake in Mammoth Energy Services stock. Bank of America Corp DE raised its position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK - Free Report) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,882 shares of the energy company's stock after acquiring 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 SEC filing. Institutional investors and hedge funds own 79.67% of the company's stock.
Mammoth Energy Services Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Mammoth Energy Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mammoth Energy Services wasn't on the list.
While Mammoth Energy Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
