Basic Energy Services, Inc. (NYSE:BAS) SVP James F. Newman sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $23.98, for a total value of $119,900.00. Following the sale, the senior vice president now owns 13,308 shares of the company’s stock, valued at $319,125.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Basic Energy Services, Inc. (NYSE BAS) opened at $23.71 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Basic Energy Services, Inc. has a 12 month low of $14.03 and a 12 month high of $44.81. The company has a market capitalization of $636.65 and a PE ratio of -8.06.
A number of equities research analysts recently weighed in on the company. Seaport Global Securities upgraded Basic Energy Services from a “neutral” rating to a “buy” rating in a research note on Wednesday. ValuEngine cut Basic Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Piper Jaffray Companies restated a “hold” rating and set a $24.50 price objective on shares of Basic Energy Services in a research note on Friday, November 17th. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Credit Suisse Group increased their price target on Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price 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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