Insider Buying: Mammoth Energy Services (NASDAQ:TUSK) Insider Acquires $10,450,892.40 in Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) insider Wexford Capital Lp acquired 4,019,574 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of $2.60 per share, for a total transaction of $10,450,892.40. Following the acquisition, the insider directly owned 10,620,789 shares of the company’s stock, valued at approximately $27,614,051.40. This trade represents a 60.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Mammoth Energy Services Price Performance

Shares of TUSK opened at $3.05 on Thursday. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $2.49. The company has a market cap of $146.92 million, a PE ratio of 14.52 and a beta of 1.12. Mammoth Energy Services, Inc. has a one year low of $1.72 and a one year high of $3.92.

Wall Street Analyst Weigh In

TUSK has been the subject of a number of research reports. Weiss Ratings raised Mammoth Energy Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Wall Street Zen raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Mammoth Energy Services

Several large investors have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. lifted its position in shares of Mammoth Energy Services by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 4,575,000 shares of the energy company’s stock valued at $12,810,000 after purchasing an additional 425,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mammoth Energy Services by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 585,719 shares of the energy company’s stock worth $1,084,000 after purchasing an additional 6,614 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Mammoth Energy Services by 5.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 409,991 shares of the energy company’s stock worth $758,000 after purchasing an additional 20,027 shares in the last quarter. Russell Investments Group Ltd. grew its position in Mammoth Energy Services by 11,736.0% in the 4th quarter. Russell Investments Group Ltd. now owns 247,491 shares of the energy company’s stock worth $458,000 after purchasing an additional 245,400 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Mammoth Energy Services by 10.2% in the 1st quarter. Empowered Funds LLC now owns 241,313 shares of the energy company’s stock valued at $591,000 after buying an additional 22,322 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc, headquartered in Houston, Texas, is a diversified energy services company that primarily provides hydraulic fracturing and complementary well completion and production services to oil and natural gas exploration and production companies across North America. Its core offerings include fracturing, coiled tubing, cementing, wireline, nitrogen pumping, and pressure pumping equipment, supported by proprietary fluid blends and digital monitoring systems. In addition to conventional oilfield services, the company operates a dedicated solar division—Mammoth Solar—that delivers engineering, procurement and construction (EPC) services for utility-scale and commercial solar projects.

Mammoth’s fracturing operations are focused on major shale plays such as the Permian Basin, Eagle Ford, Bakken, Williston Basin, and Rockies regions.