Mammoth Energy Services, Inc. (NASDAQ:TUSK – Get Free Report) insider Wexford Capital Lp acquired 4,019,574 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of $2.60 per share, with a total value of $10,450,892.40. Following the completion of the acquisition, the insider owned 10,620,789 shares in the company, valued at approximately $27,614,051.40. The trade was a 60.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Mammoth Energy Services Stock Performance
Mammoth Energy Services stock traded down $0.10 during midday trading on Monday, reaching $2.93. The stock had a trading volume of 274,745 shares, compared to its average volume of 292,737. Mammoth Energy Services, Inc. has a twelve month low of $1.72 and a twelve month high of $3.92. The stock has a market capitalization of $141.14 million, a PE ratio of 13.95 and a beta of 1.12. The stock’s 50-day simple moving average is $2.99 and its 200 day simple moving average is $2.47.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TUSK shares. 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 upgraded shares of Mammoth Energy Services from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Institutional Investors Weigh In On Mammoth Energy Services
Several hedge funds have recently modified their holdings of TUSK. Bank of America Corp DE boosted its holdings in Mammoth Energy Services by 45.8% in the fourth quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock valued at $69,000 after purchasing an additional 7,192 shares during the last quarter. Empowered Funds LLC increased its holdings in Mammoth Energy Services by 8.9% during the 1st quarter. Empowered Funds LLC now owns 159,685 shares of the energy company’s stock worth $326,000 after purchasing an additional 13,111 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mammoth Energy Services by 6.5% during the 2nd quarter. Geode Capital Management LLC now owns 580,659 shares of the energy company’s stock worth $1,626,000 after purchasing an additional 35,495 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Mammoth Energy Services by 726.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 185,761 shares of the energy company’s stock valued at $520,000 after purchasing an additional 163,291 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Mammoth Energy Services in the 2nd quarter valued at approximately $103,000. 79.67% of the stock is currently owned by hedge funds and other institutional investors.
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.
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