William Timothy Dame Sells 2,500 Shares of Basic Energy Services, Inc. (BAS) Stock
Basic Energy Services, Inc. (NYSE:BAS) VP William Timothy Dame sold 2,500 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.58, for a total transaction of $58,950.00. Following the completion of the sale, the vice president now owns 3,859 shares in the company, valued at $90,995.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Basic Energy Services, Inc. (NYSE BAS) traded down $0.74 during trading hours on Tuesday, reaching $22.90. 255,521 shares of the company traded hands, compared to its average volume of 568,559. Basic Energy Services, Inc. has a one year low of $14.03 and a one year high of $44.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59.
BAS has been the topic of a number of research reports. Piper Jaffray Companies restated a “hold” rating and issued a $26.50 target price on shares of Basic Energy Services in a report on Friday, September 8th. Credit Suisse Group boosted their target price on shares of Basic Energy Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Evercore ISI restated an “outperform” rating and issued a $19.00 target price on shares of Basic Energy Services in a report on Tuesday, September 5th. Finally, Deutsche Bank started coverage on shares of Basic Energy Services in a report on Tuesday, October 10th. They issued a “hold” rating and a $22.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.92.
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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.
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