Basic Energy Services CFO Alan Krenek Sells 1,000 Shares (BAS)
Basic Energy Services (NYSE:BAS) CFO Alan Krenek sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $24.42, for a total transaction of $24,420.00. Following the transaction, the chief financial officer now directly owns 149,998 shares of the company’s stock, valued at approximately $3,662,951. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Basic Energy Services (NYSE:BAS) opened at 24.40 on Wednesday. Basic Energy Services has a 52-week low of $11.29 and a 52-week high of $29.84. The stock has a 50-day moving average of $25.63 and a 200-day moving average of $25.61. The company’s market cap is $999.4 million.
Basic Energy Services (NYSE:BAS) last announced its earnings results 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.
A number of research firms have recently commented on BAS. 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock 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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