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Basic Energy Services (NYSE:BAS) CAO John Cody Bissett sold 1,000 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $29.22, for a total transaction of $29,220.00. Following the completion of the sale, the chief accounting officer now directly owns 48,025 shares in the company, valued at approximately $1,403,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Basic Energy Services presently has an average rating of “Hold” and a consensus target price of $28.30.

Shares of Basic Energy Services (NYSE:BAS) opened at 28.95 on Friday. Basic Energy Services has a 1-year low of $11.06 and a 1-year high of $29.84. The stock has a 50-day moving average of $26.74 and a 200-day moving average of $23.03. The company’s market cap is $1.185 billion.

Basic Energy Services (NYSE:BAS) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.21) earnings per share. Basic Energy Services’s revenue was up 10.6% compared to the same quarter last year. 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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