Silver Point Capital L.P. Sells 278,000 Shares of Basic Energy Services, Inc. (BAS) Stock

Basic Energy Services, Inc. (NYSE:BAS) Director Silver Point Capital L.P. sold 278,000 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $24.01, for a total transaction of $6,674,780.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Friday, December 15th, Silver Point Capital L.P. sold 30,000 shares of Basic Energy Services stock. The stock was sold at an average price of $23.16, for a total transaction of $694,800.00.
  • On Tuesday, December 19th, Silver Point Capital L.P. sold 146,000 shares of Basic Energy Services stock. The stock was sold at an average price of $23.10, for a total transaction of $3,372,600.00.
  • On Tuesday, November 7th, Silver Point Capital L.P. sold 875,000 shares of Basic Energy Services stock. The shares were sold at an average price of $22.75, for a total transaction of $19,906,250.00.

Basic Energy Services, Inc. (NYSE BAS) opened at $23.71 on Friday. Basic Energy Services, Inc. has a 12 month low of $14.03 and a 12 month high of $44.81. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.76. The company has a market cap of $636.65 and a P/E ratio of -8.06.

BAS has been the topic of a number of research analyst reports. Evercore ISI reiterated an “outperform” rating and set a $19.00 price objective on shares of Basic Energy Services in a research note on Tuesday, September 5th. Piper Jaffray Companies reiterated a “hold” rating and set a $26.50 price objective on shares of Basic Energy Services in a research note on Friday, September 8th. Credit Suisse Group reiterated a “neutral” rating and set a $21.00 price objective (down previously from $30.00) on shares of Basic Energy Services in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, October 2nd. Finally, Deutsche Bank initiated coverage on shares of Basic Energy Services in a research note on Tuesday, October 10th. They set a “hold” rating and a $22.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.92.

A number of large investors have recently modified their holdings of BAS. Key Group Holdings Cayman LTD. bought a new stake in Basic Energy Services during the second quarter worth approximately $40,639,000. Janus Henderson Group PLC bought a new stake in Basic Energy Services during the second quarter worth approximately $25,018,000. State Street Corp bought a new stake in Basic Energy Services during the second quarter worth approximately $15,122,000. Citadel Advisors LLC boosted its holdings in Basic Energy Services by 406.3% during the third quarter. Citadel Advisors LLC now owns 604,092 shares of the oil and gas company’s stock worth $11,659,000 after buying an additional 484,779 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Basic Energy Services by 74.5% during the second quarter. Vanguard Group Inc. now owns 1,088,728 shares of the oil and gas company’s stock worth $27,109,000 after buying an additional 464,691 shares in the last quarter.

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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.

Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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