Basic Energy Services, Inc. (NYSE:BAS) Director Silver Point Capital L.P. sold 45,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $25.56, for a total value of $1,150,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Wednesday, December 27th, Silver Point Capital L.P. sold 78,000 shares of Basic Energy Services stock. The stock was sold at an average price of $25.09, for a total value of $1,957,020.00.
  • On Friday, December 22nd, Silver Point Capital L.P. sold 278,000 shares of Basic Energy Services stock. The stock was sold at an average price of $24.01, for a total value of $6,674,780.00.
  • On Friday, December 15th, Silver Point Capital L.P. sold 30,000 shares of Basic Energy Services stock. The stock was sold at an average price of $23.16, for a total value of $694,800.00.
  • On Tuesday, December 19th, Silver Point Capital L.P. sold 146,000 shares of Basic Energy Services stock. The stock was sold at an average price of $23.10, for a total value of $3,372,600.00.
  • On Tuesday, November 7th, Silver Point Capital L.P. sold 875,000 shares of Basic Energy Services stock. The stock was sold at an average price of $22.75, for a total value of $19,906,250.00.

Shares of Basic Energy Services, Inc. (BAS) traded down $1.06 on Tuesday, reaching $23.85. The company had a trading volume of 285,898 shares, compared to its average volume of 313,550. The stock has a market capitalization of $648.36 and a P/E ratio of -3.82. Basic Energy Services, Inc. has a 1 year low of $14.03 and a 1 year high of $44.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.42.

Basic Energy Services (NYSE:BAS) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates 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%. sell-side analysts anticipate that Basic Energy Services, Inc. will post -1.95 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc acquired a new stake in Basic Energy Services during the second quarter valued at approximately $112,000. Nationwide Fund Advisors acquired a new stake in Basic Energy Services during the second quarter valued at approximately $245,000. 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 valued at $303,000 after buying an additional 853 shares in the last quarter. 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 valued at $332,000 after buying an additional 6,905 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Basic Energy Services during the third quarter valued at approximately $264,000.

BAS has been the subject of several analyst reports. Seaport Global Securities raised Basic Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Credit Suisse Group increased their price target on Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Piper Jaffray Companies reissued a “hold” rating and issued a $26.50 price target on shares of Basic Energy Services in a report on Friday, October 13th. ValuEngine downgraded Basic Energy Services from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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