Basic Energy Services CFO Unloads $26,490 in Stock (BAS)
Basic Energy Services (NYSE:BAS) CFO Alan Krenek sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $26.49, for a total value of $26,490.00. Following the transaction, the chief financial officer now directly owns 161,998 shares in the company, valued at approximately $4,291,327. The transaction was disclosed in a document filed with the SEC, which is available at this link.
BAS has been the subject of a number of recent research reports. Analysts at Macquarie initiated coverage on shares of Basic Energy Services in a research note on Wednesday, June 4th. They set a “neutral” rating and a $25.00 price target on the stock. Separately, analysts at Capital One Financial Corp. upgraded shares of Basic Energy Services from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 30th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Basic Energy Services in a research note on Tuesday, April 29th. They now have a $34.00 price target on the stock, up previously from $32.00. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.30.
Shares of Basic Energy Services (NYSE:BAS) traded up 3.50% during mid-day trading on Thursday, hitting $27.81. The stock had a trading volume of 1,354,715 shares. Basic Energy Services has a 52 week low of $11.06 and a 52 week high of $29.61. The stock’s 50-day moving average is $26.28 and its 200-day moving average is $22.46. The company’s market cap is $1.138 billion.
Basic Energy Services (NYSE:BAS) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. The company had revenue of $336.76 million for the quarter, compared to the consensus estimate of $328.04 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that Basic Energy Services will post $0.42 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.