Key Points
- Wexford Capital Lp bought 4,019,574 shares of Mammoth Energy Services on June 17 at an average price of $2.60, a transaction worth about $10.45 million.
- After the purchase, Wexford Capital’s direct stake rose to 10,620,789 shares, marking a 60.89% increase in its ownership of the company.
- Mammoth Energy Services stock opened at $2.92, with a market cap of $140.66 million, while analysts currently show an average rating of "Sell" despite a few recent rating changes.
Mammoth Energy Services, Inc. (NASDAQ:TUSK - Get Free Report) insider Wexford Capital Lp purchased 4,019,574 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $2.60 per share, with a total value of $10,450,892.40. Following the completion of the purchase, the insider directly owned 10,620,789 shares in the company, valued at approximately $27,614,051.40. This represents a 60.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Mammoth Energy Services Price Performance
Shares of Mammoth Energy Services stock opened at $2.92 on Tuesday. The firm has a market cap of $140.66 million, a price-to-earnings ratio of 13.90 and a beta of 1.12. The stock has a 50-day simple moving average of $3.00 and a 200-day simple moving average of $2.48. Mammoth Energy Services, Inc. has a 52-week low of $1.72 and a 52-week high of $3.92.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Mammoth Energy Services from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Mammoth Energy Services from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".
Check Out Our Latest Stock Report on Mammoth Energy Services
Institutional Trading of Mammoth Energy Services
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in shares of Mammoth Energy Services during the 3rd quarter worth about $32,000. Sei Investments Co. bought a new position in shares of Mammoth Energy Services in the 1st quarter valued at approximately $33,000. Franklin Resources Inc. bought a new position in shares of Mammoth Energy Services in the 3rd quarter valued at approximately $36,000. Sanctuary Advisors LLC acquired a new stake in Mammoth Energy Services in the 1st quarter worth approximately $41,000. Finally, Jane Street Group LLC lifted its holdings in Mammoth Energy Services by 48.3% in the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company's stock worth $48,000 after purchasing an additional 5,621 shares during the last quarter. Institutional investors and hedge funds own 79.67% of the company's stock.
About Mammoth Energy Services
(
Get Free Report)
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.
Further Reading
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