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

Mammoth Energy Services (NASDAQ:TUSK) is expected 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 %

TUSK stock opened at $2.48 on Tuesday. The company has a fifty day moving average price of $2.98 and a 200 day moving average price of $3.52. Mammoth Energy Services has a 12 month low of $2.45 and a 12 month high of $4.94. The company has a market cap of $119.35 million, a price-to-earnings ratio of -0.60 and a beta of 1.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13.

Institutional Trading of Mammoth Energy Services

An institutional investor recently raised its position in Mammoth Energy Services stock. Bank of America Corp DE boosted its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 45.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,882 shares of the energy company’s stock after purchasing 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 quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Analyst Upgrades and Downgrades

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.

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.