Basic Energy Services CFO Unloads $26,490 in Stock (BAS)
Basic Energy Services (NYSE:BAS) CFO Alan Krenek unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The stock was 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 legal filing with the SEC, which can be accessed through 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Basic Energy Services presently has an average rating of “Hold” and an average target price of $28.30.
Basic Energy Services (NYSE:BAS) traded up 0.50% on Friday, hitting $27.95. 43,194 shares of the company’s stock traded hands. Basic Energy Services has a 52 week low of $11.06 and a 52 week high of $29.61. The stock has a 50-day moving average of $26.2 and a 200-day moving average of $22.50. The company’s market cap is $1.144 billion.
Basic Energy Services (NYSE:BAS) last released its 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. Analysts expect that Basic Energy Services will post $0.42 EPS 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.
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