Westpac Banking Corp acquired a new position in shares of Basic Energy Services, Inc. (NYSE:BAS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,515 shares of the oil and gas company’s stock, valued at approximately $361,000. Westpac Banking Corp owned approximately 0.06% of Basic Energy Services as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Basic Energy Services by 7.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,149 shares of the oil and gas company’s stock worth $303,000 after purchasing an additional 853 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Basic Energy Services by 20.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 26,400 shares of the oil and gas company’s stock worth $657,000 after purchasing an additional 4,400 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Basic Energy Services during the 2nd quarter worth approximately $112,000. Wells Fargo & Company MN raised its stake in shares of Basic Energy Services by 393.2% during the 1st quarter. Wells Fargo & Company MN now owns 7,152 shares of the oil and gas company’s stock worth $239,000 after purchasing an additional 5,702 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Basic Energy Services during the 1st quarter worth approximately $215,000.

Basic Energy Services, Inc. (BAS) opened at 15.17 on Friday. The company’s 50 day moving average price is $15.34 and its 200-day moving average price is $25.64. Basic Energy Services, Inc. has a 12-month low of $14.80 and a 12-month high of $44.75. The firm’s market capitalization is $374.15 million.

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A number of equities research analysts have recently issued reports on BAS shares. Piper Jaffray Companies reiterated a “hold” rating and set a $26.50 price objective on shares of Basic Energy Services in a research note on Friday, September 8th. Zacks Investment Research cut Basic Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut Basic Energy Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Evercore ISI reiterated an “outperform” rating and set a $19.00 price objective on shares of Basic Energy Services in a research note on Tuesday, September 5th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Basic Energy Services in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.90.

In related news, VP Brett J. Taylor sold 7,857 shares of Basic Energy Services stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.07, for a total transaction of $141,975.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy H. Day purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $18.69 per share, for a total transaction of $280,350.00. Following the completion of the acquisition, the director now directly owns 20,200 shares of the company’s stock, valued at approximately $377,538. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 29,000 shares of company stock worth $509,990 and have sold 9,657 shares worth $169,540. Company insiders own 11.10% of the company’s stock.

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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Institutional Ownership by Quarter for Basic Energy Services (NYSE:BAS)

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