Basic Energy Services, Inc. (NYSE:BAS) Director Silver Point Capital L.P. sold 30,000 shares of Basic Energy Services stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $23.16, for a total value of $694,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Tuesday, December 19th, Silver Point Capital L.P. sold 146,000 shares of Basic Energy Services stock. The stock was sold at an average price of $23.10, for a total value of $3,372,600.00.
  • On Tuesday, November 7th, Silver Point Capital L.P. sold 875,000 shares of Basic Energy Services stock. The stock was sold at an average price of $22.75, for a total value of $19,906,250.00.

Shares of Basic Energy Services, Inc. (NYSE BAS) traded up $1.28 on Wednesday, reaching $24.17. The company’s stock had a trading volume of 80,727 shares, compared to its average volume of 560,687. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.42. Basic Energy Services, Inc. has a 52 week low of $14.03 and a 52 week high of $44.81.

Several research analysts recently issued reports on BAS shares. Evercore ISI restated an “outperform” rating and set a $19.00 price objective on shares of Basic Energy Services in a research report on Tuesday, September 5th. Piper Jaffray Companies restated a “hold” rating and set a $26.50 price objective on shares of Basic Energy Services in a research report on Friday, September 8th. Credit Suisse Group restated a “neutral” rating and set a $21.00 price objective (down from $30.00) on shares of Basic Energy Services in a research report on Monday, September 25th. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, October 2nd. Finally, Deutsche Bank started coverage on Basic Energy Services in a research report on Tuesday, October 10th. They set a “hold” rating and a $22.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Basic Energy Services currently has a consensus rating of “Hold” and a consensus price target of $26.92.

A number of institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new position in Basic Energy Services in the 3rd quarter valued at $3,019,000. Royce & Associates LP raised its holdings in Basic Energy Services by 31.0% in the 3rd quarter. Royce & Associates LP now owns 869,015 shares of the oil and gas company’s stock valued at $16,772,000 after acquiring an additional 205,505 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in Basic Energy Services in the 3rd quarter valued at $1,655,000. Dimensional Fund Advisors LP raised its holdings in Basic Energy Services by 175.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 447,815 shares of the oil and gas company’s stock valued at $8,643,000 after acquiring an additional 285,009 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Basic Energy Services by 79.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 78,444 shares of the oil and gas company’s stock valued at $1,514,000 after acquiring an additional 34,688 shares during the last quarter.

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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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