Basic Energy Services CAO John Cody Bissett Sells 1,000 Shares (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 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 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 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 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. Basic Energy Services currently has an average rating of “Hold” and an average price target of $28.77.
Shares of Basic Energy Services (NYSE:BAS) opened at 22.99 on Friday. Basic Energy Services has a 52 week low of $11.86 and a 52 week high of $29.84. The stock has a 50-day moving average of $24.81 and a 200-day moving average of $25.77. The company’s market cap is $941.6 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.
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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