Wexford Capital L.P., Chief Business Officer, 10% Owner at MAMMOTH ENERGY SERVICES, INC. (TUSK), bought 4,019,574 shares at $2.60 ($10.5M) on 2026-06-17, disclosed to the SEC on 2026-06-22.
Wexford Capital L.P., a 10% holder and Chief Business Officer, purchased 4.02 million shares at $2.60, marking the largest insider purchase in the company's history. This high conviction bet comes as the stock trades 22.05% below its 52-week high of $3.90, potentially signaling confidence in the company's turnaround after recent operational challenges.
The shares are down 6.32% over the last 30 days and currently trade 22.05% below their 52-week high of $3.90.
The stock trades at a negative forward P/E of -13.9, suggesting continued losses are expected by the market. Furthermore, the recent Q1 2026 earnings call noted that execution and cost control did not meet expectations, posing a risk to the turnaround narrative.
Negative factors outweigh the positive ones.
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