Mammoth Energy Services (TUSK) Expected to Announce Quarterly Earnings on Thursday

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

Mammoth Energy Services Stock Performance

NASDAQ:TUSK opened at $2.76 on Thursday. Mammoth Energy Services has a 1-year low of $2.50 and a 1-year high of $4.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The firm has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $3.54. The firm has a market cap of $132.84 million, a PE ratio of -0.67 and a beta of 1.57.

Insider Buying and Selling

In related news, Director Corey J. Booker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $3.43, for a total transaction of $34,300.00. Following the completion of the transaction, the director now owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This represents a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mammoth Energy Services

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

Analyst Ratings Changes

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

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.