Wexford Capital Lp Acquires 4,019,574 Shares of Mammoth Energy Services (NASDAQ:TUSK) Stock

Mammoth Energy Services, Inc. (NASDAQ:TUSK) insider Wexford Capital Lp acquired 4,019,574 shares of Mammoth Energy Services stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of $2.60 per share, for a total transaction of $10,450,892.40. Following the completion of the transaction, the insider directly owned 10,620,789 shares of the company’s stock, valued at approximately $27,614,051.40. This represents a 60.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mammoth Energy Services Price Performance

NASDAQ:TUSK opened at $3.06 on Wednesday. The firm has a market cap of $147.40 million, a PE ratio of 14.57 and a beta of 1.12. The firm has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $2.49. Mammoth Energy Services, Inc. has a 1-year low of $1.72 and a 1-year high of $3.92.

Hedge Funds Weigh In On Mammoth Energy Services

A number of institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Mammoth Energy Services in the 3rd quarter valued at about $32,000. Sei Investments Co. acquired a new position in shares of Mammoth Energy Services in the first quarter worth about $33,000. Franklin Resources Inc. purchased a new position in Mammoth Energy Services in the third quarter valued at about $36,000. Sanctuary Advisors LLC acquired a new stake in Mammoth Energy Services during the 1st quarter valued at approximately $41,000. Finally, Jane Street Group LLC grew its stake in Mammoth Energy Services by 48.3% during the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock valued at $48,000 after purchasing an additional 5,621 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TUSK. Weiss Ratings raised shares of Mammoth Energy Services from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.