Mammoth Energy Services (NASDAQ:TUSK) released its earnings results on Thursday. The energy company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.17), Briefing.com reports. Mammoth Energy Services had a return on equity of 31.76% and a net margin of 14.32%. The business had revenue of $181.80 million for the quarter, compared to analysts’ expectations of $195.78 million. During the same quarter last year, the company posted $1.34 earnings per share. The business’s quarterly revenue was down 65.9% compared to the same quarter last year.
TUSK stock traded down $1.53 during midday trading on Friday, hitting $4.50. The stock had a trading volume of 837,269 shares, compared to its average volume of 322,938. The firm has a market cap of $201.95 million, a price-to-earnings ratio of 0.80 and a beta of 1.48. The company has a current ratio of 2.48, a quick ratio of 2.39 and a debt-to-equity ratio of 0.15. Mammoth Energy Services has a 1-year low of $4.40 and a 1-year high of $40.75. The company’s fifty day moving average price is $6.71.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Stephens lowered shares of Mammoth Energy Services from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $25.00 to $7.00 in a report on Friday, June 7th. Piper Jaffray Companies set a $10.00 price target on shares of Mammoth Energy Services and gave the stock a “buy” rating in a report on Friday, June 7th. Imperial Capital reiterated an “outperform” rating and set a $18.00 price target (down previously from $22.00) on shares of Mammoth Energy Services in a report on Friday, May 3rd. Finally, Barclays set a $19.00 price target on shares of Mammoth Energy Services and gave the stock a “buy” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.83.
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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