Basic Energy Services Inc. (NYSE:BAS) Director Kenneth V. Huseman sold 278,428 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $0.34, for a total transaction of $94,665.52. Following the sale, the director now owns 86,877 shares of the company’s stock, valued at approximately $29,538.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Basic Energy Services Inc. (NYSE:BAS) opened at 0.3294 on Thursday. The firm’s market cap is $13.46 million. The company has a 50-day moving average of $0.56 and a 200 day moving average of $1.14. Basic Energy Services Inc. has a 12-month low of $0.30 and a 12-month high of $4.26.

A number of institutional investors have recently modified their holdings of BAS. Royce & Associates LP boosted its position in shares of Basic Energy Services by 12.0% in the second quarter. Royce & Associates LP now owns 140,000 shares of the company’s stock worth $235,000 after buying an additional 15,000 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Basic Energy Services during the second quarter worth about $260,000. KCG Holdings Inc. boosted its position in shares of Basic Energy Services by 111.2% in the second quarter. KCG Holdings Inc. now owns 179,441 shares of the company’s stock worth $301,000 after buying an additional 94,462 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Basic Energy Services by 10.6% in the second quarter. Guggenheim Capital LLC now owns 182,784 shares of the company’s stock worth $307,000 after buying an additional 17,524 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Basic Energy Services by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 191,316 shares of the company’s stock worth $321,000 after buying an additional 12,147 shares during the last quarter. 51.84% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on BAS shares. Iberia Capital lowered shares of Basic Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 25th. Macquarie upgraded shares of Basic Energy Services from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Basic Energy Services from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a research report on Monday. Wunderlich lowered their price target on shares of Basic Energy Services from $2.00 to $1.00 and set a “hold” rating for the company in a research report on Monday, July 25th. Finally, BMO Capital Markets restated a “hold” rating on shares of Basic Energy Services in a research report on Tuesday, August 9th. Sixteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Basic Energy Services currently has a consensus rating of “Hold” and an average target price of $2.21.

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.

5 Day Chart for NYSE:BAS

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