Basic Energy Services Inc. (NYSE:BAS) Director Steven A. Webster sold 481,291 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $0.33, for a total transaction of $158,826.03. Following the transaction, the director now directly owns 733,815 shares in the company, valued at approximately $242,158.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Basic Energy Services Inc. (NYSE:BAS) traded down 1.3962% during mid-day trading on Friday, reaching $0.3178. 569,834 shares of the company’s stock were exchanged. The company’s market cap is $12.99 million. Basic Energy Services Inc. has a 52-week low of $0.30 and a 52-week high of $4.26. The stock has a 50-day moving average price of $0.55 and a 200 day moving average price of $1.14.

A number of hedge funds have recently bought and sold shares of BAS. Royce & Associates LP boosted its stake in 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 acquired a new stake in Basic Energy Services during the second quarter worth about $260,000. KCG Holdings Inc. boosted its stake in 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 stake in 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 stake in 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 equities analysts have commented on the stock. Zacks Investment Research raised shares of Basic Energy Services from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Monday. Deutsche Bank AG cut shares of Basic Energy Services from a “buy” rating to a “hold” rating and set a $2.00 target price on the stock. in a research note on Thursday, November 10th. BMO Capital Markets reaffirmed a “hold” rating on shares of Basic Energy Services in a research note on Tuesday, August 9th. Macquarie raised shares of Basic Energy Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 9th. Finally, Wunderlich lowered their price objective on shares of Basic Energy Services from $2.00 to $1.00 and set a “hold” rating on the stock 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 stock. The stock presently has a consensus rating of “Hold” and a consensus 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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