Mammoth Energy Services (NASDAQ:TUSK) Releases Earnings Results, Beats Expectations By $0.09 EPS
Mammoth Energy Services (NASDAQ:TUSK) released its quarterly earnings data on Thursday. The energy company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $60.11 million during the quarter.
Shares of TUSK stock opened at $1.39 on Friday. The company has a current ratio of 3.35, a quick ratio of 3.24 and a debt-to-equity ratio of 0.19. Mammoth Energy Services has a 52-week low of $0.56 and a 52-week high of $6.77. The business’s fifty day moving average is $1.34 and its 200 day moving average is $1.19.
Separately, Zacks Investment Research lowered Mammoth Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, June 17th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Mammoth Energy Services has an average rating of “Hold” and a consensus price target of $3.29.
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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