Basic Energy Services Inc. (NYSE:BAS) VP William Timothy Dame sold 53,561 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $0.35, for a total value of $18,746.35. Following the transaction, the vice president now directly owns 96,292 shares in the company, valued at approximately $33,702.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Basic Energy Services Inc. (NYSE:BAS) traded up 2.307% during mid-day trading on Thursday, reaching $0.337. The company’s stock had a trading volume of 217,785 shares. The company’s market capitalization is $13.77 million. The company’s 50 day moving average price is $0.56 and its 200-day moving average price is $1.14. Basic Energy Services Inc. has a 1-year low of $0.30 and a 1-year high of $4.26.

Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its stake 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 valued at $235,000 after buying an additional 15,000 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Basic Energy Services during the second quarter valued at approximately $260,000. KCG Holdings Inc. boosted its stake 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 valued at $301,000 after buying an additional 94,462 shares during the last quarter. Guggenheim Capital LLC boosted its stake 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 valued at $307,000 after buying an additional 17,524 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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 valued at $321,000 after buying an additional 12,147 shares during the last quarter. 51.84% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on BAS shares. Zacks Investment Research upgraded Basic Energy Services from a “hold” rating to a “buy” rating and set a $0.50 price objective for the company in a research note on Monday. BMO Capital Markets reiterated a “hold” rating on shares of Basic Energy Services in a research note on Tuesday, August 9th. Macquarie upgraded Basic Energy Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 9th. Deutsche Bank AG cut Basic Energy Services from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a research note on Thursday, November 10th. Finally, Wunderlich decreased their price target on Basic Energy Services from $2.00 to $1.00 and set a “hold” rating for the company in a research note on Monday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.21.

About Basic Energy Services

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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