Basic Energy Services Inc. (NYSE:BAS) Director Steven A. Webster sold 494,721 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $0.52, for a total transaction of $257,254.92. Following the completion of the sale, the director now directly owns 485,104 shares of the company’s stock, valued at $252,254.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Basic Energy Services Inc. (NYSE:BAS) opened at 0.5101 on Thursday. Basic Energy Services Inc. has a 12-month low of $0.30 and a 12-month high of $4.15. The company has a 50-day moving average price of $0.51 and a 200-day moving average price of $1.05. The firm’s market cap is $20.85 million.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Basic Energy Services during the second quarter worth approximately $744,000. 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 period. California Public Employees Retirement System boosted its position in shares of Basic Energy Services by 17.0% in the second quarter. California Public Employees Retirement System now owns 1,180,100 shares of the company’s stock worth $1,983,000 after buying an additional 171,400 shares during the period. KBC Group NV boosted its position in shares of Basic Energy Services by 11.5% in the second quarter. KBC Group NV now owns 356,185 shares of the company’s stock worth $598,000 after buying an additional 36,659 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in shares of Basic Energy Services by 50.4% in the first quarter. Panagora Asset Management Inc. now owns 1,408,963 shares of the company’s stock worth $3,889,000 after buying an additional 472,157 shares during the period. Hedge funds and other institutional investors own 45.81% of the company’s stock.

A number of brokerages have weighed in on BAS. BMO Capital Markets reissued a “hold” rating on shares of Basic Energy Services in a report on Tuesday, August 9th. Zacks Investment Research lowered shares of Basic Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Deutsche Bank AG lowered shares of Basic Energy Services from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research note on Thursday, November 10th. Finally, Macquarie raised shares of Basic Energy Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 9th. 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 company presently has a consensus rating of “Hold” and a consensus price target of $2.21.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/24/steven-a-webster-sells-494721-shares-of-basic-energy-services-inc-bas-stock.html.

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

Receive News & Stock Ratings for Basic Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basic Energy Services Inc. and related stocks with our FREE daily email newsletter.