Basic Energy Services CFO Alan Krenek Unloads 6,000 Shares (BAS)
Basic Energy Services (NYSE:BAS) CFO Alan Krenek sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $24.08, for a total transaction of $144,480.00. Following the completion of the transaction, the chief financial officer now directly owns 154,998 shares of the company’s stock, valued at approximately $3,732,352. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Basic Energy Services (NYSE:BAS) traded up 0.83% on Monday, hitting $24.29. 888,789 shares of the company’s stock traded hands. Basic Energy Services has a one year low of $11.06 and a one year high of $29.84. The stock’s 50-day moving average is $26.95 and its 200-day moving average is $24.89. The company’s market cap is $994.9 million.
Basic Energy Services (NYSE:BAS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.04. On average, analysts predict that Basic Energy Services will post $0.54 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on BAS shares. Analysts at Macquarie reiterated a “neutral” rating on shares of Basic Energy Services in a research note on Monday, July 28th. They now have a $24.00 price target on the stock, down previously from $25.00. Separately, analysts at Global Hunter Securities upgraded shares of Basic Energy Services from a “neutral” rating to an “accumulate” rating in a research note on Monday, July 28th. They now have a $30.00 price target on the stock, down previously from $31.00. Finally, analysts at Raymond James upgraded shares of Basic Energy Services from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Basic Energy Services has a consensus rating of “Hold” and a consensus target price of $28.77.
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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