Basic Energy Services, Inc. (BAS) CAO John Cody Bissett Sells 5,500 Shares

Basic Energy Services, Inc. (NYSE:BAS) CAO John Cody Bissett sold 5,500 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $23.40, for a total value of $128,700.00. Following the completion of the sale, the chief accounting officer now owns 3,749 shares of the company’s stock, valued at $87,726.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Cody Bissett also recently made the following trade(s):

  • On Saturday, December 29th, John Cody Bissett sold 5,500 shares of Basic Energy Services stock. The stock was sold at an average price of $23.40, for a total value of $128,700.00.
  • On Monday, October 2nd, John Cody Bissett sold 2,500 shares of Basic Energy Services stock. The stock was sold at an average price of $19.50, for a total value of $48,750.00.

Shares of Basic Energy Services, Inc. (BAS) opened at $24.91 on Friday. 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 one year low of $14.03 and a one year high of $44.81.

Several hedge funds and other institutional investors have recently modified their holdings of BAS. Legal & General Group Plc acquired a new stake in shares of Basic Energy Services in the second quarter valued at $112,000. Nationwide Fund Advisors acquired a new stake in shares of Basic Energy Services in the second quarter valued at $245,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Basic Energy Services in the third quarter valued at $264,000. Russell Investments Group Ltd. grew its stake in shares of Basic Energy Services by 7.6% in the second quarter. Russell Investments Group Ltd. now owns 12,149 shares of the oil and gas company’s stock valued at $303,000 after buying an additional 853 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Basic Energy Services by 107.1% in the second quarter. Parametric Portfolio Associates LLC now owns 13,350 shares of the oil and gas company’s stock valued at $332,000 after buying an additional 6,905 shares in the last quarter.

Several equities analysts have recently weighed in on BAS shares. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Credit Suisse Group restated a “neutral” rating and issued a $21.00 target price (down previously from $30.00) on shares of Basic Energy Services in a research report on Monday, September 25th. Stephens started coverage on Basic Energy Services in a research report on Tuesday, January 9th. They issued an “equal weight” rating and a $26.00 target price on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $24.50 target price on shares of Basic Energy Services in a research report on Friday, November 17th. Finally, Deutsche Bank began coverage on Basic Energy Services in a research report on Tuesday, October 10th. They set a “hold” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.79.

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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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