Share on StockTwits

Basic Energy Services (NYSE:BAS) CFO Alan Krenek sold 1,000 shares of the company’s stock on the open market in a transaction dated 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 in the company, valued at approximately $3,662,951. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.77.

Shares of Basic Energy Services (NYSE:BAS) opened at 24.23 on Thursday. Basic Energy Services has a 52-week low of $11.29 and a 52-week high of $29.84. The stock’s 50-day moving average is $25.52 and its 200-day moving average is $25.60. The company’s market cap is $992.4 million.

Basic Energy Services (NYSE:BAS) last issued its quarterly earnings data 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. Analysts expect that Basic Energy Services will post $0.54 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.