Basic Energy Services, Inc. (BAS) Insider Sells $37,020.00 in Stock

Basic Energy Services, Inc. (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $24.68, for a total transaction of $37,020.00. Following the completion of the transaction, the insider now directly owns 93,979 shares of the company’s stock, valued at approximately $2,319,401.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Thomas Monroe Patterson also recently made the following trade(s):

  • On Friday, December 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The stock was sold at an average price of $23.18, for a total transaction of $34,770.00.
  • On Wednesday, November 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The stock was sold at an average price of $19.28, for a total transaction of $28,920.00.

Shares of Basic Energy Services, Inc. (BAS) opened at $23.41 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59. The firm has a market cap of $609.32 and a PE ratio of -3.59. Basic Energy Services, Inc. has a 52 week low of $14.03 and a 52 week high of $44.81.

Basic Energy Services (NYSE:BAS) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.19. Basic Energy Services had a negative net margin of 29.23% and a negative return on equity of 24.91%. sell-side analysts predict that Basic Energy Services, Inc. will post -1.95 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in shares of Basic Energy Services during the second quarter valued at approximately $112,000. Nationwide Fund Advisors bought a new stake in shares of Basic Energy Services during the second quarter valued at approximately $245,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Basic Energy Services during the third quarter valued at approximately $264,000. Russell Investments Group Ltd. grew its stake in shares of Basic Energy Services by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 12,149 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 853 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Basic Energy Services by 107.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,350 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 6,905 shares during the last quarter.

Several research firms recently issued reports on BAS. Stephens began coverage on shares of Basic Energy Services in a research report on Tuesday, January 9th. They issued an “equal weight” rating and a $26.00 price target for the company. Seaport Global Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Basic Energy Services in a research note on Thursday. ValuEngine cut shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. 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 research note on Monday, November 6th. Finally, Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.44.

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Basic Energy Services Company Profile

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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