Insider Selling: Basic Energy Services CAO Unloads 1,000 Shares of Stock (BAS)
Basic Energy Services (NYSE:BAS) CAO John Cody Bissett unloaded 1,000 shares of Basic Energy Services stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $23.36, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Basic Energy Services (NYSE:BAS) traded up 2.32% on Wednesday, hitting $23.85. 1,293,394 shares of the company’s stock traded hands. Basic Energy Services has a one year low of $11.86 and a one year high of $29.84. The stock’s 50-day moving average is $24.97 and its 200-day moving average is $25.79. The company’s market cap is $976.9 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. Analysts expect that Basic Energy Services will post $0.54 EPS 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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.