Trexquant Investment LP Takes Position in Basic Energy Services, Inc. (BAS)

Trexquant Investment LP purchased a new position in shares of Basic Energy Services, Inc. (NYSE:BAS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,370 shares of the oil and gas company’s stock, valued at approximately $374,000. Trexquant Investment LP owned about 0.07% of Basic Energy Services as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Basic Energy Services during the 2nd quarter worth $112,000. Parametric Portfolio Associates LLC acquired a new position in shares of Basic Energy Services during the 1st quarter worth $215,000. Nationwide Fund Advisors acquired a new position in shares of Basic Energy Services during the 2nd quarter worth $245,000. Russell Investments Group Ltd. boosted its holdings in shares of Basic Energy Services by 7.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,149 shares of the oil and gas company’s stock worth $303,000 after buying an additional 853 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Basic Energy Services by 179.4% during the 1st quarter. Bank of America Corp DE now owns 13,379 shares of the oil and gas company’s stock worth $446,000 after buying an additional 8,591 shares during the period.

Shares of Basic Energy Services, Inc. (NYSE:BAS) opened at $23.64 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59. Basic Energy Services, Inc. has a 1-year low of $14.03 and a 1-year high of $44.81.

In other Basic Energy Services news, VP Lanny Trampas Poldrack sold 5,907 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $20.65, for a total value of $121,979.55. Following the completion of the sale, the vice president now directly owns 907 shares of the company’s stock, valued at approximately $18,729.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John Cody Bissett sold 2,500 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $19.50, for a total transaction of $48,750.00. Following the completion of the sale, the vice president now directly owns 3,401 shares of the company’s stock, valued at $66,319.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 888,807 shares of company stock valued at $20,174,030. Insiders own 0.69% of the company’s stock.

Several analysts recently issued reports on the stock. ValuEngine downgraded shares of Basic Energy Services from a “hold” rating to a “sell” rating in a report on Friday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $24.50 price objective on shares of Basic Energy Services in a report on Friday, November 17th. Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Credit Suisse Group upped their price objective on shares of Basic Energy Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Finally, Deutsche Bank assumed coverage on shares of Basic Energy Services in a report on Tuesday, October 10th. They set a “hold” rating and a $22.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Basic Energy Services presently has a consensus rating of “Hold” and a consensus price target of $26.92.

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About Basic Energy Services

Basic Energy Services, Inc provides a range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Company operates through the segment, which include Completion and Remedial Services, Fluid Services, Well Servicing and Contract Drilling.

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Institutional Ownership by Quarter for Basic Energy Services (NYSE:BAS)

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