Basic Energy Services, Inc. (BAS) Director Sells $180,225.00 in Stock

Basic Energy Services, Inc. (NYSE:BAS) Director Silver Point Capital L.P. sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $24.03, for a total value of $180,225.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Friday, January 12th, Silver Point Capital L.P. sold 45,000 shares of Basic Energy Services stock. The shares were sold at an average price of $25.56, for a total value of $1,150,200.00.
  • On Wednesday, December 27th, Silver Point Capital L.P. sold 78,000 shares of Basic Energy Services stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $22.75, for a total value of $19,906,250.00.

Shares of Basic Energy Services, Inc. (NYSE BAS) traded down $0.02 during trading hours on Friday, reaching $23.39. The company’s stock had a trading volume of 668,469 shares, compared to its average volume of 378,041. The company has a market cap of $609.32 and a P/E ratio of -3.59. 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.

BAS has been the subject of a number of analyst reports. 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. Zacks Investment Research raised Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, October 2nd. Deutsche Bank initiated 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. Piper Jaffray Companies reissued a “hold” rating and issued a $26.50 price target on shares of Basic Energy Services in a research report on Friday, October 13th. Finally, ValuEngine lowered Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Basic Energy Services has an average rating of “Hold” and a consensus price target of $28.44.

A number of large investors have recently made changes to their positions in the business. 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. Legal & General Group Plc bought a new position in Basic Energy Services in the 2nd quarter valued at $112,000. JPMorgan Chase & Co. grew its stake in Basic Energy Services by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 47,118 shares of the oil and gas company’s stock valued at $1,173,000 after purchasing an additional 5,021 shares during the period. Peregrine Capital Management LLC grew its stake in Basic Energy Services by 2.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 262,723 shares of the oil and gas company’s stock valued at $5,071,000 after purchasing an additional 5,349 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in Basic Energy Services by 107.1% in the 2nd 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 period.

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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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