Basic Energy Services, Inc. (NYSE:BAS) major shareholder Ascribe Capital Llc sold 24,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $26.17, for a total transaction of $628,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Ascribe Capital Llc also recently made the following trade(s):

  • On Tuesday, January 9th, Ascribe Capital Llc sold 39,910 shares of Basic Energy Services stock. The shares were sold at an average price of $26.20, for a total transaction of $1,045,642.00.

Basic Energy Services, Inc. (NYSE BAS) traded down $1.06 during mid-day trading on Tuesday, reaching $23.85. The company had a trading volume of 285,898 shares, compared to its average volume of 313,540. The firm has a market capitalization of $648.36 and a P/E ratio of -3.82. Basic Energy Services, Inc. has a fifty-two week low of $14.03 and a fifty-two week 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.

Basic Energy Services (NYSE:BAS) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.19. Basic Energy Services had a negative return on equity of 24.91% and a negative net margin of 29.23%. analysts anticipate that Basic Energy Services, Inc. will post -1.95 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on BAS shares. Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, October 2nd. Seaport Global Securities raised Basic Energy Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Stephens initiated coverage on Basic Energy Services in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $26.00 price target for the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $24.50 price target on shares of Basic Energy Services in a research note on Friday, November 17th. Finally, Deutsche Bank initiated coverage on Basic Energy Services in a research note on Tuesday, October 10th. They issued a “hold” rating and a $22.00 price target for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Basic Energy Services currently has a consensus rating of “Hold” and a consensus price target of $26.79.

A number of hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in Basic Energy Services by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 12,149 shares of the oil and gas company’s stock worth $303,000 after acquiring an additional 853 shares in the last quarter. Legal & General Group Plc acquired a new position in Basic Energy Services during the second quarter worth about $112,000. JPMorgan Chase & Co. raised its stake in Basic Energy Services by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 47,118 shares of the oil and gas company’s stock worth $1,173,000 after acquiring an additional 5,021 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Basic Energy Services by 2.1% during the third quarter. Peregrine Capital Management LLC now owns 262,723 shares of the oil and gas company’s stock worth $5,071,000 after acquiring an additional 5,349 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Basic Energy Services by 107.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,350 shares of the oil and gas company’s stock worth $332,000 after acquiring an additional 6,905 shares in the last quarter.

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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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