GSA Capital Partners LLP acquired a new stake in shares of Basic Energy Services, Inc. (NYSE:BAS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 156,407 shares of the oil and gas company’s stock, valued at approximately $3,019,000. GSA Capital Partners LLP owned approximately 0.60% of Basic Energy Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BAS. Key Group Holdings Cayman LTD. purchased a new position in shares of Basic Energy Services during the 2nd quarter valued at about $40,639,000. Janus Henderson Group PLC purchased a new position in shares of Basic Energy Services during the 2nd quarter valued at about $25,018,000. Vanguard Group Inc. purchased a new position in shares of Basic Energy Services during the 1st quarter valued at about $20,818,000. State Street Corp purchased a new position in shares of Basic Energy Services during the 2nd quarter valued at about $15,122,000. Finally, Citadel Advisors LLC raised its holdings in shares of Basic Energy Services by 406.3% during the 3rd quarter. Citadel Advisors LLC now owns 604,092 shares of the oil and gas company’s stock valued at $11,659,000 after buying an additional 484,779 shares in the last quarter.

Basic Energy Services, Inc. (BAS) opened at $23.76 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.76. Basic Energy Services, Inc. has a 12 month low of $14.03 and a 12 month high of $44.81.

In other news, VP William Timothy Dame sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.58, for a total transaction of $58,950.00. Following the transaction, the vice president now directly owns 3,859 shares of the company’s stock, valued at $90,995.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lanny Trampas Poldrack sold 5,907 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $20.65, for a total value of $121,979.55. Following the transaction, the vice president now directly owns 907 shares in the company, valued at $18,729.55. The disclosure for this sale can be found here. Insiders have sold 891,307 shares of company stock worth $20,234,960 over the last three months. Insiders own 11.10% of the company’s stock.

A number of equities analysts have commented on BAS shares. 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. ValuEngine cut Basic Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Deutsche Bank started coverage on Basic Energy Services in a research note on Tuesday, October 10th. They issued a “hold” rating and a $22.00 price target on the stock. BidaskClub cut Basic Energy Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Finally, Credit Suisse Group lifted their price target on Basic Energy Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Basic Energy Services currently has a consensus rating of “Hold” and a consensus price target of $26.92.

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Basic Energy Services 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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