Royce & Associates LP raised its stake in shares of Basic Energy Services, Inc. (NYSE:BAS) by 31.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 869,015 shares of the oil and gas company’s stock after acquiring an additional 205,505 shares during the period. Royce & Associates LP owned approximately 3.34% of Basic Energy Services worth $16,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dupont Capital Management Corp grew its holdings in shares of Basic Energy Services by 92.8% in the second quarter. Dupont Capital Management Corp now owns 63,850 shares of the oil and gas company’s stock valued at $1,590,000 after purchasing an additional 30,739 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Basic Energy Services in the second quarter valued at approximately $25,018,000. Wells Fargo & Company MN grew its holdings in shares of Basic Energy Services by 184.8% in the second quarter. Wells Fargo & Company MN now owns 20,372 shares of the oil and gas company’s stock valued at $507,000 after purchasing an additional 13,220 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new position in shares of Basic Energy Services in the second quarter valued at approximately $1,090,000. Finally, Peregrine Capital Management LLC grew its holdings in shares of Basic Energy Services by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 262,723 shares of the oil and gas company’s stock valued at $5,071,000 after purchasing an additional 5,349 shares in the last quarter.

BAS has been the subject of a number of research reports. Piper Jaffray Companies restated a “hold” rating and issued a $26.50 price objective on shares of Basic Energy Services in a report on Friday, September 8th. Credit Suisse Group lifted their price objective on shares of Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Evercore ISI restated an “outperform” rating and issued a $19.00 price objective on shares of Basic Energy Services in a report on Tuesday, September 5th. Finally, Deutsche Bank initiated coverage on shares of Basic Energy Services in a report on Tuesday, October 10th. They issued a “hold” rating and a $22.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.92.

Basic Energy Services, Inc. (NYSE:BAS) opened at $22.78 on Tuesday. Basic Energy Services, Inc. has a 12 month low of $14.03 and a 12 month 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.

In other news, insider Thomas Monroe Patterson sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $19.28, for a total transaction of $28,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John Cody Bissett sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $19.50, for a total transaction of $48,750.00. Following the sale, the vice president now owns 3,401 shares of the company’s stock, valued at approximately $66,319.50. The disclosure for this sale can be found here. Insiders sold 891,307 shares of company stock valued at $20,234,960 in the last quarter. 0.69% of the stock is owned by insiders.

WARNING: “Basic Energy Services, Inc. (BAS) Holdings Raised by Royce & Associates LP” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/12/12/basic-energy-services-inc-bas-holdings-raised-by-royce-associates-lp.html.

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.

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

Receive News & Ratings for Basic Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basic Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.