Basic Energy Services CAO Sells $23,360 in Stock (BAS)
Basic Energy Services (NYSE:BAS) CAO John Cody Bissett sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $23.36, for a total transaction of $23,360.00. Following the completion of the sale, the chief accounting officer now directly owns 46,025 shares in the company, valued at approximately $1,075,144. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Basic Energy Services (NYSE:BAS) traded up 2.32% during mid-day trading on Wednesday, hitting $23.85. The stock had a trading volume of 1,293,394 shares. Basic Energy Services has a one year low of $11.86 and a one year high of $29.84. The stock has a 50-day moving average of $25.1 and a 200-day moving average of $25.81. The company’s market cap is $976.9 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.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Basic Energy Services currently has a consensus rating of “Hold” and a consensus price target 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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