Basic Energy Services Inc (BAS) Insider Thomas Monroe Patterson Sells 1,500 Shares

Basic Energy Services Inc (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $11.00, for a total value of $16,500.00. Following the completion of the sale, the insider now directly owns 141,678 shares in the company, valued at $1,558,458. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 stock was 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 stock was sold at an average price of $11.22, for a total value of $16,830.00.

BAS stock opened at $10.72 on Thursday. The company has a market capitalization of $264.44 million, a P/E ratio of -4.90 and a beta of 2.70. Basic Energy Services Inc has a 12-month low of $7.43 and a 12-month high of $26.75. 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 released its quarterly earnings data on Tuesday, July 31st. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.21). The business had revenue of $253.37 million during the quarter, compared to the consensus estimate of $257.50 million. Basic Energy Services had a negative net margin of 10.94% and a negative return on equity of 20.44%. As a group, analysts forecast that Basic Energy Services Inc will post -3.13 EPS for the current year.

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

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

Basic Energy Services Company Profile

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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Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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