Basic Energy Services Inc (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of the business’s stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $11.00, for a total value of $16,500.00. Following the transaction, the insider now owns 141,678 shares in the company, valued at approximately $1,558,458. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Thomas Monroe Patterson also recently made the following trade(s):

  • On Wednesday, August 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $8.50, for a total value of $12,750.00.
  • On Monday, July 16th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $11.22, for a total value of $16,830.00.

Shares of NYSE:BAS opened at $10.72 on Thursday. Basic Energy Services Inc has a 1 year low of $7.43 and a 1 year high of $26.75. The stock has a market cap of $264.44 million, a P/E ratio of -4.90 and a beta of 2.70. The company has a current ratio of 1.49, a quick ratio of 1.30 and a debt-to-equity ratio of 0.99.

Basic Energy Services (NYSE:BAS) last posted its earnings results on Tuesday, July 31st. The oil and gas company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.21). Basic Energy Services had a negative return on equity of 20.44% and a negative net margin of 10.94%. The firm had revenue of $253.37 million for the quarter, compared to analysts’ expectations of $257.50 million. On average, analysts expect that Basic Energy Services Inc will post -3.13 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. NumerixS Investment Technologies Inc grew its holdings in shares of Basic Energy Services by 244.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 9,300 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 6,600 shares during the period. Penn Capital Management Co. Inc. purchased a new position in shares of Basic Energy Services during the 2nd quarter worth approximately $131,000. Koch Industries Inc. purchased a new position in shares of Basic Energy Services during the 1st quarter worth approximately $227,000. Macquarie Group Ltd. grew its holdings in shares of Basic Energy Services by 408.3% during the 2nd quarter. Macquarie Group Ltd. now owns 18,300 shares of the oil and gas company’s stock worth $203,000 after acquiring an additional 14,700 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Basic Energy Services during the 2nd quarter worth approximately $220,000.

A number of brokerages recently issued reports on BAS. ValuEngine downgraded Basic Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded Basic Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Basic Energy Services presently has an average rating of “Hold” and an average target price of $25.43.

About Basic Energy Services

Basic Energy Services, Inc provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.

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