Basic Energy Services, Inc. (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $18.83, for a total transaction of $28,245.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Monroe Patterson also recently made the following trade(s):

  • On Friday, September 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $15.19, for a total transaction of $22,785.00.
  • On Tuesday, August 22nd, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $15.21, for a total transaction of $22,815.00.

Shares of Basic Energy Services, Inc. (NYSE:BAS) traded down 0.48% during midday trading on Tuesday, reaching $18.81. 361,910 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $17.82 and a 200 day moving average price of $17.82. Basic Energy Services, Inc. has a 12 month low of $14.03 and a 12 month high of $44.81. The company’s market cap is $463.93 million.

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Several equities analysts recently commented on BAS shares. Piper Jaffray Companies restated a “hold” rating and issued a $26.50 price target on shares of Basic Energy Services in a research note on Friday, September 8th. Zacks Investment Research downgraded shares of Basic Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Basic Energy Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Deutsche Bank AG started coverage on shares of Basic Energy Services in a research note on Tuesday, October 10th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, Credit Suisse Group restated a “neutral” rating and issued a $21.00 price target (down from $30.00) on shares of Basic Energy Services in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Basic Energy Services presently has an average rating of “Hold” and an average price target of $26.92.

A number of hedge funds have recently bought and sold shares of the business. Phocas Financial Corp. grew its holdings in Basic Energy Services by 107.0% during the 2nd quarter. Phocas Financial Corp. now owns 160,792 shares of the oil and gas company’s stock valued at $4,004,000 after buying an additional 83,108 shares in the last quarter. Glendon Capital Management LP purchased a new position in Basic Energy Services during the 2nd quarter valued at about $7,847,000. California State Teachers Retirement System purchased a new position in Basic Energy Services during the 2nd quarter valued at about $767,000. The Manufacturers Life Insurance Company grew its holdings in Basic Energy Services by 1,638.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,711 shares of the oil and gas company’s stock valued at $366,000 after buying an additional 13,865 shares in the last quarter. Finally, State Street Corp purchased a new position in Basic Energy Services during the 2nd quarter valued at about $15,122,000. 97.41% of the stock is owned by institutional investors and hedge funds.

About Basic Energy Services

Basic Energy Services, Inc provides a range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Company operates through the segment, which include Completion and Remedial Services, Fluid Services, Well Servicing and Contract Drilling.

Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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