Basic Energy Services, Inc. (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $24.68, for a total value of $37,020.00. Following the transaction, the insider now directly owns 93,979 shares in the company, valued at $2,319,401.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Thomas Monroe Patterson also recently made the following trade(s):

  • On Friday, December 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The stock was sold at an average price of $23.18, for a total value of $34,770.00.
  • On Wednesday, November 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $19.28, for a total value of $28,920.00.

Shares of Basic Energy Services, Inc. (NYSE:BAS) traded up $0.10 during trading hours on Wednesday, reaching $23.95. The company’s stock had a trading volume of 501,216 shares, compared to its average volume of 359,689. The company has a market cap of $620.77 and a P/E ratio of -3.66. 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, Inc. has a 52-week low of $14.03 and a 52-week high of $44.81.

Basic Energy Services (NYSE:BAS) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.24) earnings per share (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 forecast that Basic Energy Services, Inc. will post -1.95 EPS for the current year.

A number of research firms recently commented on BAS. Zacks Investment Research raised Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Credit Suisse Group reissued a “neutral” rating and issued a $21.00 price target (down from $30.00) on shares of Basic Energy Services in a research report on Monday, September 25th. Stephens began coverage on Basic Energy Services in a research report on Tuesday, January 9th. They issued an “equal weight” rating and a $26.00 price target for the company. Piper Jaffray Companies reissued a “hold” rating and issued a $24.50 price target on shares of Basic Energy Services in a research report on Friday, November 17th. Finally, Deutsche Bank began coverage on Basic Energy Services in a research report on Tuesday, October 10th. They issued a “hold” rating and a $22.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Basic Energy Services presently has an average rating of “Hold” and an average price target of $26.79.

A number of large investors have recently made changes to their positions in BAS. Russell Investments Group Ltd. grew its stake in Basic Energy Services by 7.6% in the 2nd 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 period. Schwab Charles Investment Management Inc. bought a new position in Basic Energy Services in the 2nd quarter valued at $1,090,000. Rhumbline Advisers bought a new position in Basic Energy Services in the 2nd quarter valued at $534,000. Bank of New York Mellon Corp grew its stake in Basic Energy Services by 333.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,983 shares of the oil and gas company’s stock valued at $3,012,000 after purchasing an additional 93,082 shares during the period. Finally, Legal & General Group Plc bought a new position in Basic Energy Services in the 2nd quarter valued at $112,000.

COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/01/17/insider-selling-basic-energy-services-inc-bas-insider-sells-1500-shares-of-stock.html.

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)

Receive News & Ratings for Basic Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basic Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.