Shares of Basic Energy Services, Inc. (NYSE:BAS) have received a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.65.
A number of research firms have recently commented on BAS. Seaport Global Securities restated a “neutral” rating on shares of Basic Energy Services in a report on Thursday, December 1st. Zacks Investment Research upgraded Basic Energy Services from a “hold” rating to a “buy” rating in a report on Friday, December 30th. Deutsche Bank AG dropped their target price on Basic Energy Services to $40.00 in a report on Monday. Johnson Rice upgraded Basic Energy Services from a “hold” rating to an “accumulate” rating in a report on Thursday, December 29th. Finally, Capital One Financial Corp. upgraded Basic Energy Services from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 27th.
Shares of Basic Energy Services (NYSE:BAS) traded down 5.189% during trading on Monday, reaching $30.055. The company had a trading volume of 657,200 shares. The company’s market capitalization is $1.23 billion. The firm has a 50-day moving average price of $37.74 and a 200-day moving average price of $37.94. Basic Energy Services has a 52-week low of $29.06 and a 52-week high of $44.81.
In other Basic Energy Services news, VP Doug Rogers sold 7,796 shares of the firm’s stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $35.37, for a total transaction of $275,744.52. Following the completion of the sale, the vice president now owns 57 shares in the company, valued at approximately $2,016.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric Lannen sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 30th. The shares were sold at an average price of $36.13, for a total value of $54,195.00. Following the sale, the vice president now owns 4,392 shares of the company’s stock, valued at approximately $158,682.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,064,035 shares of company stock valued at $81,953,940. 11.10% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of BAS. Ascribe Capital LLC acquired a new stake in shares of Basic Energy Services during the fourth quarter worth $161,979,000. Luxor Capital Group LP acquired a new stake in shares of Basic Energy Services during the fourth quarter worth $90,961,000. GLG LLC acquired a new stake in shares of Basic Energy Services during the fourth quarter worth $1,237,000. GLG Partners LP acquired a new stake in shares of Basic Energy Services during the fourth quarter worth $1,310,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Basic Energy Services during the fourth quarter worth $5,235,000.
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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.
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