Mammooth Energy (TUSK) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Mammooth Energy (NASDAQ:TUSK) issued its earnings results on Wednesday, November 1st. The energy company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04), reports. The firm had revenue of $149.30 million during the quarter, compared to the consensus estimate of $129.58 million. Mammooth Energy had a negative net margin of 16.41% and a negative return on equity of 2.46%. The firm’s revenue for the quarter was up 135.9% on a year-over-year basis.

Mammooth Energy (TUSK) traded up $0.71 during midday trading on Friday, reaching $20.89. 145,400 shares of the company’s stock traded hands, compared to its average volume of 171,192. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.15. Mammooth Energy has a twelve month low of $10.88 and a twelve month high of $24.54.

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In other news, Director James D. Palm bought 6,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $12.75 per share, for a total transaction of $76,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

An institutional investor recently raised its position in Mammooth Energy stock. State Street Corp increased its stake in Mammooth Energy (NASDAQ:TUSK) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,246 shares of the energy company’s stock after buying an additional 16,965 shares during the period. State Street Corp owned 0.26% of Mammooth Energy worth $2,127,000 at the end of the most recent reporting period. Institutional investors own 73.33% of the company’s stock.

TUSK has been the subject of a number of analyst reports. Zacks Investment Research downgraded Mammooth Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Credit Suisse Group boosted their target price on Mammooth Energy from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. ValuEngine upgraded Mammooth Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Imperial Capital upped their price objective on Mammooth Energy from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Finally, Jefferies Group LLC assumed coverage on shares of Mammooth Energy in a report on Thursday, October 5th. They set a “hold” rating and a $18.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $23.27.

Mammooth Energy Company Profile

Mammoth Energy Services, Inc is an integrated oilfield service company. The Company is engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. The Company’s segments include Contract Land and Directional Drilling Services; Completion and Production Services; Natural Sand Proppant Services, and Remote Accommodation Services.

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