Mammoth Energy Services: The Unlikely Success Story of a Small Frac Company
December 1, 2023
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Mammoth Energy Services ($NASDAQ:TUSK) is a small frac company with big ambitions. From positioning to deployment and maintenance, Mammoth Energy Services helps customers maximize their production and optimize their costs. The company’s success can largely be attributed to its unwavering commitment to delivering superior value to its clients. With an experienced team of experts in the oil and gas industry, Mammoth Energy Services is able to offer industry-leading frac services and equipment at competitive prices.
In addition, the company is constantly investing in technological advancements to ensure that its products and services are always up-to-date and reliable. Mammoth Energy Services has also made a name for itself in the stock market. With plans to continue to innovate and grow, it looks like Mammoth Energy Services will be a mainstay in the energy sector for years to come.
Price History
Despite being a small frac company, its stock has risen significantly since it first opened on Thursday. On Thursday, its stock opened at $4.4 and closed at the same price, representing an increase of 0.7% from the previous day. This percentage increase may not seem impressive, but it shows the remarkable success that MAMMOTH ENERGY SERVICES has achieved in the face of challenging market conditions. It is a testament to the company’s ability to stay agile and capitalize on opportunities in order to compete with larger competitors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TUSK. More…
| Total Revenues | Net Income | Net Margin |
| 359.62 | 7.56 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TUSK. More…
| Operations | Investing | Financing |
| 46.28 | -9.37 | -36.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TUSK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 685.98 | 220.4 | 9.71 |
Key Ratios Snapshot
Some of the financial key ratios for TUSK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.7% | 61.8% | 8.7% |
| FCF Margin | ROE | ROA |
| 7.6% | 4.2% | 2.9% |
Analysis
GoodWhale has analyzed the fundamentals of MAMMOTH ENERGY SERVICES and determined that it has an intermediate health score of 6/10, considering its cashflows and debt, and is likely to sustain future operations in times of crisis. On a more granular level, MAMMOTH ENERGY SERVICES has a strong asset portfolio, medium growth, profitability, and weak dividend. We have classified MAMMOTH ENERGY SERVICES as ‘cheetah’, a type of company that is characterized by high revenue or earnings growth but lower stability due to decreased profitability. In light of this, investors who are interested in taking on high-risk investments and are seeking high-growth opportunities may be interested in investing in MAMMOTH ENERGY SERVICES. More…
Peers
Mammoth Energy Services Inc is a company that provides oil and gas services. Its competitors are ENN Natural Gas Co Ltd, MDU Resources Group Inc, and Innovest Global Inc. These companies compete against each other to provide the best services to their customers.
– ENN Natural Gas Co Ltd ($SHSE:600803)
The company’s market cap is 54.47B, and its ROE is 56.96%. The company is one of the leading gas companies in China and has a wide range of businesses, including gas exploration, production, storage, transmission and distribution, as well as power generation and chemicals.
– MDU Resources Group Inc ($NYSE:MDU)
MDU Resources Group Inc is a diversified natural resource company engaged in the exploration and production of oil and gas, the mining of coal and other minerals, and the development and construction of electric transmission lines. As of 2022, the company had a market cap of 5.88 billion and a return on equity of 9.39%. The company’s operations are primarily located in the United States, with a focus on the Bakken formation in North Dakota and the Powder River Basin in Wyoming. MDU Resources is also involved in the development of electric transmission lines in the western United States.
– Innovest Global Inc ($OTCPK:IVST)
Innovest Global Inc is a holding company that focuses on identifying and investing in industrial technology, healthcare, and media companies. As of 2022, the company has a market cap of 3.19M and a ROE of 1.11%. The company has a diversified portfolio of investments in various industries and sectors.
Summary
Mammoth Energy Services is an energy services company specializing in frac services, such as hydraulic fracturing and well completion. From an investing perspective, the company has seen significant growth in its revenues, though earnings have not remained consistent. Mammoth’s balance sheet shows a high degree of leverage, with long-term debt accounting for nearly half of its assets.
The company has important customers, such as Range Resources and Cabot Oil & Gas, and is a major player in the Permian Basin and Eagle Ford Shale. Investors should be aware of the risks associated with such a leveraged company before investing.
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