Mammoth Energy Services (NASDAQ:TUSK) Releases Earnings Results, Misses Expectations By $0.18 EPS

Mammoth Energy Services (NASDAQ:TUSK) posted its earnings results on Friday. The energy company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18), Zacks reports. The business had revenue of $14.80 million during the quarter, compared to the consensus estimate of $42.70 million. Mammoth Energy Services had a negative return on equity of 29.24% and a negative net margin of 18.13%.

Mammoth Energy Services Price Performance

TUSK stock opened at $2.04 on Friday. Mammoth Energy Services has a 1 year low of $1.68 and a 1 year high of $4.44. The firm has a 50-day moving average of $2.29 and a 200 day moving average of $2.50. The company has a market cap of $98.31 million, a P/E ratio of -4.98 and a beta of 1.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in shares of Mammoth Energy Services by 48.3% in the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock valued at $48,000 after purchasing an additional 5,621 shares during the period. Bank of America Corp DE raised its holdings in Mammoth Energy Services by 45.8% in the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock worth $69,000 after purchasing an additional 7,192 shares in the last quarter. XTX Topco Ltd purchased a new position in Mammoth Energy Services during the second quarter valued at $103,000. Marshall Wace LLP bought a new stake in shares of Mammoth Energy Services during the 2nd quarter valued at $161,000. Finally, Empowered Funds LLC grew its position in shares of Mammoth Energy Services by 8.9% in the 1st quarter. Empowered Funds LLC now owns 159,685 shares of the energy company’s stock worth $326,000 after buying an additional 13,111 shares during the period. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mammoth Energy Services in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.