Basic Energy Services, Inc. (NYSE:BAS) VP Lanny Trampas Poldrack sold 5,907 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $20.65, for a total value of $121,979.55. Following the sale, the vice president now owns 907 shares of the company’s stock, valued at approximately $18,729.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Basic Energy Services, Inc. (NYSE BAS) traded down $0.24 during midday trading on Tuesday, reaching $23.51. The company had a trading volume of 762,405 shares, compared to its average volume of 510,606. Basic Energy Services, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $44.81. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 0.76.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/08/basic-energy-services-inc-bas-vp-lanny-trampas-poldrack-sells-5907-shares.html.

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in Basic Energy Services by 120.1% in the third quarter. Russell Investments Group Ltd. now owns 26,736 shares of the oil and gas company’s stock valued at $516,000 after acquiring an additional 14,587 shares during the period. Boston Partners grew its stake in Basic Energy Services by 105.8% in the third quarter. Boston Partners now owns 326,568 shares of the oil and gas company’s stock valued at $6,303,000 after acquiring an additional 167,889 shares during the period. USA Financial Portformulas Corp acquired a new position in Basic Energy Services in the third quarter valued at about $415,000. Parkwood LLC grew its stake in Basic Energy Services by 44.2% in the third quarter. Parkwood LLC now owns 83,277 shares of the oil and gas company’s stock valued at $1,607,000 after acquiring an additional 25,507 shares during the period. Finally, Dupont Capital Management Corp grew its stake in Basic Energy Services by 101.8% in the third quarter. Dupont Capital Management Corp now owns 128,850 shares of the oil and gas company’s stock valued at $2,487,000 after acquiring an additional 65,000 shares during the period.

A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Basic Energy Services from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Basic Energy Services from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, July 26th. Credit Suisse Group started coverage on Basic Energy Services in a report on Friday, July 21st. They issued a “neutral” rating for the company. Piper Jaffray Companies reiterated a “neutral” rating and issued a $26.50 price objective (down previously from $33.00) on shares of Basic Energy Services in a report on Wednesday, July 12th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Basic Energy Services in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.25.

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.

Insider Buying and Selling by Quarter for Basic Energy Services (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.