Basic Energy Services Director Sells $314,524 in Stock (BAS)
Basic Energy Services (NYSE:BAS) Director James Samuel Dagostino, Jr. unloaded 23,900 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $13.16, for a total transaction of $314,524.00. Following the sale, the director now directly owns 61,800 shares in the company, valued at approximately $813,288. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Basic Energy Services (NYSE:BAS) traded up 8.77% during mid-day trading on Tuesday, hitting $14.63. The stock had a trading volume of 1,404,875 shares. Basic Energy Services has a one year low of $8.85 and a one year high of $16.60. The stock has a 50-day moving average of $12.12 and a 200-day moving average of $13.09. The company’s market cap is $585.1 million.
A number of analysts have recently weighed in on BAS shares. Analysts at SunTrust raised their price target on shares of Basic Energy Services from $20.00 to $21.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich downgraded shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research note to investors on Monday. They now have a $10.00 price target on the stock, down previously from $11.00. They noted that the move was a valuation call. Finally, analysts at Iberia Capital downgraded shares of Basic Energy Services from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, October 15th. They now have a $14.00 price target on the stock, down previously from $15.00. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.83.
Basic Energy Services, Inc provides a range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling.
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