Basic Energy Services, Inc. (NYSE:BAS) VP William Timothy Dame sold 2,500 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $23.58, for a total transaction of $58,950.00. Following the sale, the vice president now directly owns 3,859 shares in the company, valued at approximately $90,995.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Basic Energy Services, Inc. (NYSE:BAS) traded down $0.99 on Thursday, hitting $21.91. 629,500 shares of the stock traded hands, compared to its average volume of 568,818. Basic Energy Services, Inc. has a 1-year low of $14.03 and a 1-year high of $44.81. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.76.

Several institutional investors and hedge funds have recently made changes to their positions in BAS. Key Group Holdings Cayman LTD. purchased a new stake in shares of Basic Energy Services in the second quarter valued at $40,639,000. Janus Henderson Group PLC purchased a new stake in shares of Basic Energy Services in the second quarter valued at $25,018,000. Vanguard Group Inc. purchased a new stake in shares of Basic Energy Services in the first quarter valued at $20,818,000. State Street Corp purchased a new stake in shares of Basic Energy Services in the second quarter valued at $15,122,000. Finally, Citadel Advisors LLC raised its stake in shares of Basic Energy Services by 406.3% in the third quarter. Citadel Advisors LLC now owns 604,092 shares of the oil and gas company’s stock valued at $11,659,000 after acquiring an additional 484,779 shares during the period.

A number of research firms recently issued reports on BAS. ValuEngine downgraded shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Credit Suisse Group upped their price target on shares of Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $24.50 price target on shares of Basic Energy Services in a research note on Friday, November 17th. Finally, Deutsche Bank began coverage on shares of Basic Energy Services in a research note on Tuesday, October 10th. They set a “hold” rating and a $22.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.92.

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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.

Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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