Basic Energy Services, Inc. (BAS) CFO Alan Krenek Sells 500 Shares

Basic Energy Services, Inc. (NYSE:BAS) CFO Alan Krenek sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $25.00, for a total value of $12,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alan Krenek also recently made the following trade(s):

  • On Wednesday, December 27th, Alan Krenek sold 4,500 shares of Basic Energy Services stock. The stock was sold at an average price of $25.05, for a total value of $112,725.00.
  • On Friday, December 8th, Alan Krenek sold 300 shares of Basic Energy Services stock. The stock was sold at an average price of $22.43, for a total value of $6,729.00.
  • On Wednesday, November 8th, Alan Krenek sold 300 shares of Basic Energy Services stock. The stock was sold at an average price of $22.46, for a total value of $6,738.00.
  • On Monday, October 9th, Alan Krenek sold 300 shares of Basic Energy Services stock. The stock was sold at an average price of $18.71, for a total value of $5,613.00.

Shares of Basic Energy Services, Inc. (BAS) traded up $0.38 during mid-day trading on Wednesday, reaching $24.93. The company’s stock had a trading volume of 269,518 shares, compared to its average volume of 310,500. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Basic Energy Services, Inc. has a 12-month low of $14.03 and a 12-month high of $44.81. The company has a market capitalization of $638.99 and a P/E ratio of -3.77.

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in Basic Energy Services in the second quarter valued at approximately $112,000. Nationwide Fund Advisors bought a new stake in Basic Energy Services in the second quarter valued at approximately $245,000. Russell Investments Group Ltd. lifted its position in Basic Energy Services by 7.6% in the second quarter. Russell Investments Group Ltd. now owns 12,149 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 853 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Basic Energy Services by 107.1% in the second quarter. Parametric Portfolio Associates LLC now owns 13,350 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 6,905 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Basic Energy Services in the third quarter valued at approximately $264,000.

BAS has been the subject of a number of recent research reports. Piper Jaffray Companies restated a “hold” rating and issued a $26.50 target price on shares of Basic Energy Services in a research report on Friday, September 8th. Credit Suisse Group boosted their target price on Basic Energy Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. ValuEngine downgraded Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $19.00 price objective on shares of Basic Energy Services in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Basic Energy Services presently has a consensus rating of “Hold” and a consensus price target 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.

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

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