Mammoth Energy Services (TUSK) Projected to Post Earnings on Thursday

Mammoth Energy Services (NASDAQ:TUSK) is projected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Mammoth Energy Services to post earnings of ($0.01) per share for the quarter.

Mammoth Energy Services Stock Down 7.8 %

Shares of Mammoth Energy Services stock opened at $2.48 on Tuesday. Mammoth Energy Services has a 52-week low of $2.45 and a 52-week high of $4.94. The company has a 50 day moving average of $2.98 and a 200 day moving average of $3.52. The company has a quick ratio of 2.13, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $119.35 million, a P/E ratio of -0.60 and a beta of 1.57.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

Institutional Trading of Mammoth Energy Services

An institutional investor recently raised its position in Mammoth Energy Services stock. Bank of America Corp DE lifted its stake in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 45.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,882 shares of the energy company’s stock after buying an additional 7,192 shares during the quarter. Bank of America Corp DE’s holdings in Mammoth Energy Services were worth $69,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

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.