Mammoth Energy Services (NASDAQ:TUSK) Issues Quarterly Earnings Results

Mammoth Energy Services (NASDAQ:TUSK) released its earnings results on Thursday. The energy company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.09, MarketWatch Earnings reports. Mammoth Energy Services had a negative net margin of 57.79% and a negative return on equity of 12.93%. The firm had revenue of $60.11 million during the quarter.

Shares of TUSK opened at $1.39 on Friday. Mammoth Energy Services has a 1 year low of $0.56 and a 1 year high of $6.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.35 and a quick ratio of 3.24. The firm has a fifty day moving average of $1.34 and a 200-day moving average of $1.19.

Separately, Zacks Investment Research lowered shares of Mammoth Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, June 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.29.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an oilfield service company. The company operates in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution networks, and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring.

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Earnings History for Mammoth Energy Services (NASDAQ:TUSK)

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