Shares of Basic Energy Services, Inc. (NYSE:BAS) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $29.36.
BAS has been the topic of several analyst reports. Seaport Global Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Basic Energy Services in a research note on Thursday, January 18th. ValuEngine lowered Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Piper Jaffray Companies restated a “hold” rating and set a $24.50 price target on shares of Basic Energy Services in a research report on Friday, November 17th. Finally, Stephens started coverage on Basic Energy Services in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $26.00 price target on the stock.
In other Basic Energy Services news, VP William Timothy Dame sold 3,859 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $24.19, for a total transaction of $93,349.21. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Ascribe Capital Llc sold 39,910 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $26.20, for a total value of $1,045,642.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,009,885 shares of company stock worth $24,289,042. 0.69% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. acquired a new position in Basic Energy Services during the 4th quarter worth $221,000. MetLife Investment Advisors LLC acquired a new position in Basic Energy Services during the 4th quarter worth $221,000. Alambic Investment Management L.P. acquired a new position in Basic Energy Services during the 4th quarter worth $230,000. Nationwide Fund Advisors acquired a new position in Basic Energy Services during the 2nd quarter worth $245,000. Finally, Two Sigma Investments LP acquired a new position in Basic Energy Services during the 4th quarter worth $239,000.
Basic Energy Services (NYSE BAS) traded up $0.38 during mid-day trading on Wednesday, hitting $18.04. The stock had a trading volume of 286,887 shares, compared to its average volume of 470,110. Basic Energy Services has a 52 week low of $14.03 and a 52 week high of $36.58. The company has a market cap of $466.51 and a price-to-earnings ratio of -4.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.38 and a current ratio of 1.57.
Basic Energy Services (NYSE:BAS) last released its quarterly earnings data on Monday, February 26th. The oil and gas company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.15). Basic Energy Services had a negative net margin of 11.19% and a negative return on equity of 16.12%. The company had revenue of $235.27 million during the quarter, compared to the consensus estimate of $232.46 million. research analysts expect that Basic Energy Services will post -0.66 earnings per share for the current fiscal year.
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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.
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