Mammoth Energy Services director Plaumann acquires $15,000 in common stock

Mammoth Energy Services director Mark Lawrence Plaumann recently purchased 5,000 shares of the company's common stock, valued at $15,000, on September 16, 2026. The shares were bought at an average price of $3.00 per share, while the stock is currently trading at $3.22, marking a 74% increase year-to-date. However, InvestingPro's analysis indicates that the company may be overvalued, as it is among the top stocks on the most overvalued list.

Plaumann acquired these shares himself; 2,100 of them are held in a Roth IRA and 2,900 in a traditional IRA, both for his personal benefit. Following this purchase, Mr. Plaumann now owns a total of 5,000 shares of Mammoth Energy Services common stock. For further analysis, TUSK is featured in a detailed Pro Research Report, one of over 1,400 available for US equities.

Recently, Mammoth Energy Services disclosed its Q3 2026 earnings, reporting earnings per share of $0.01 on revenue of $21.3 million. The company highlighted strong profitability, driven notably by aviation leasing. Although the company did not provide comparisons to analyst forecasts, management expressed confidence by raising its full-year margin outlook.

Additionally, Mammoth Energy expects its adjusted EBITDA for 2027 to rise more than 40% year-over-year. This growth is reflected in the company's sequential adjusted EBITDA increase to $5.8 million and a margin expansion to 27.2% from 10.0% in the previous quarter. These improvements underscore the company's efforts to boost its financial performance and strategic position.

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