Mammoth Energy Services: Hits record low on wider-than-expected Q3 loss

Mammoth Energy Services

08/11/2019 18:11

** Shares of integrated oilfield services provider  TUSK.O  
fall as much as 20.5% to a record low of $1.40
    ** Mammoth Energy Services reported a 70% drop in quarterly
revenue to $113.4 mln; falling way below analysts' estimates of
$155.5 mln  urn:newsml:reuters.com:*:nGNXyBXDG
    ** Co also reported wider-than-expected Q3 loss
    ** TUSK has missed rev estimates for 5 consecutive quarters 
    ** 3 of 9 brokerages rate the stock "buy" and 6 "hold";
their median PT is $5.00
    ** Including session's losses, stock has plunged ~92% YTD

 (Reporting by Gautami Khandke)
 ((Gautami.Khandke@thomsonreuters.com;))