Basic Energy Services, Inc. (NYSE:BAS) major shareholder Ascribe Capital Llc sold 39,910 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $26.20, for a total transaction of $1,045,642.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Basic Energy Services, Inc. (NYSE BAS) traded down $0.78 during mid-day trading on Wednesday, reaching $25.42. 265,637 shares of the company’s stock were exchanged, compared to its average volume of 300,629. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59. Basic Energy Services, Inc. has a 1 year low of $14.03 and a 1 year high of $44.81. The company has a market capitalization of $681.94 and a PE ratio of -3.93.

A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in Basic Energy Services during the third quarter worth $3,019,000. Royce & Associates LP boosted its position in Basic Energy Services by 31.0% during the third quarter. Royce & Associates LP now owns 869,015 shares of the oil and gas company’s stock worth $16,772,000 after purchasing an additional 205,505 shares during the period. OxFORD Asset Management LLP bought a new position in Basic Energy Services during the third quarter worth $1,655,000. Dimensional Fund Advisors LP boosted its position in Basic Energy Services by 175.1% during the third quarter. Dimensional Fund Advisors LP now owns 447,815 shares of the oil and gas company’s stock worth $8,643,000 after purchasing an additional 285,009 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Basic Energy Services by 79.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 78,444 shares of the oil and gas company’s stock worth $1,514,000 after purchasing an additional 34,688 shares during the period.

A number of brokerages recently weighed in on BAS. Stephens began coverage on shares of Basic Energy Services in a report on Tuesday. They set an “equal weight” rating and a $26.00 target price on the stock. ValuEngine downgraded shares of Basic Energy Services from a “hold” rating to a “sell” rating in a report on Friday, December 1st. 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. Seaport Global Securities upgraded shares of Basic Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Basic Energy Services has a consensus rating of “Hold” and an average price target of $26.79.

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Basic Energy Services Company Profile

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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