Basic Energy Services, Inc. (NYSE:BAS) VP Eric Lannen sold 2,608 shares of Basic Energy Services stock in a transaction on Friday, December 29th. The shares were sold at an average price of $23.34, for a total transaction of $60,870.72. Following the completion of the sale, the vice president now directly owns 7,632 shares of the company’s stock, valued at $178,130.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Basic Energy Services, Inc. (BAS) traded up $0.28 during midday trading on Friday, hitting $23.47. 290,200 shares of the stock were exchanged, compared to its average volume of 368,064. The firm has a market capitalization of $610.88, a PE ratio of -3.60 and a beta of 2.98. Basic Energy Services, Inc. has a 52-week low of $14.03 and a 52-week high of $44.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.42.
Several equities research analysts have weighed in on BAS shares. Evercore ISI reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Basic Energy Services in a research note on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.50 price target on shares of Basic Energy Services in a research note on Friday, September 8th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 price target (down from $30.00) on shares of Basic Energy Services in a research note on Monday, September 25th. Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, October 2nd. Finally, Deutsche Bank started coverage on shares of Basic Energy Services in a research note on Tuesday, October 10th. They issued a “hold” rating and a $22.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price 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.
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