Insider Selling: Basic Energy Services CFO Sells 1,000 Shares of Stock (BAS)
Basic Energy Services (NYSE:BAS) CFO Alan Krenek unloaded 1,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $24.42, for a total value of $24,420.00. Following the completion of the sale, the chief financial officer now directly owns 149,998 shares in the company, valued at approximately $3,662,951. The sale was disclosed in a filing with the SEC, which is available at this link.
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 given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $28.77.
Basic Energy Services (NYSE:BAS) traded up 0.25% during mid-day trading on Tuesday, hitting $24.40. The stock had a trading volume of 537,688 shares. Basic Energy Services has a 1-year low of $11.29 and a 1-year high of $29.84. The stock’s 50-day moving average is $25.63 and its 200-day moving average is $25.61. The company’s market cap is $999.4 million.
Basic Energy Services (NYSE:BAS) last released its earnings data on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the 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.
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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