Mammoth Energy Services (NASDAQ:TUSK) Releases Earnings Results

Mammoth Energy Services (NASDAQ:TUSK) issued its earnings results on Friday. The energy company reported ($0.50) earnings per share for the quarter, RTT News reports. The firm had revenue of $40.02 million for the quarter. Mammoth Energy Services had a negative net margin of 82.30% and a negative return on equity of 41.54%. During the same period in the previous year, the business posted ($0.02) earnings per share.

Mammoth Energy Services Stock Performance

Shares of Mammoth Energy Services stock traded down $0.73 on Friday, reaching $3.68. 167,215 shares of the stock were exchanged, compared to its average volume of 90,703. The firm has a market capitalization of $176.88 million, a price-to-earnings ratio of -1.01 and a beta of 1.69. Mammoth Energy Services has a twelve month low of $2.50 and a twelve month high of $4.95. The business has a 50 day moving average price of $4.10 and a two-hundred day moving average price of $3.69. The company has a quick ratio of 2.45, a current ratio of 2.57 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Mammoth Energy Services from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

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.