Basic Energy Services, Inc. (BAS) CAO Sells $128,700.00 in Stock
Basic Energy Services, Inc. (NYSE:BAS) CAO John Cody Bissett sold 5,500 shares of Basic Energy Services stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $23.40, for a total value of $128,700.00. Following the sale, the chief accounting officer now directly owns 3,749 shares of the company’s stock, valued at approximately $87,726.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
John Cody Bissett also recently made the following trade(s):
- On Friday, December 29th, John Cody Bissett sold 5,500 shares of Basic Energy Services stock. The stock was sold at an average price of $23.40, for a total value of $128,700.00.
Basic Energy Services, Inc. (NYSE:BAS) opened at $24.93 on Thursday. The company has a market capitalization of $638.99, a PE ratio of -3.82 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.
BAS has been the subject of a number of research reports. Zacks Investment Research raised Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a report on Monday, October 2nd. Seaport Global Securities raised Basic Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Piper Jaffray Companies reissued a “hold” rating and set a $26.50 target price on shares of Basic Energy Services in a report on Friday, September 8th. Deutsche Bank initiated coverage on Basic Energy Services in a report on Tuesday, October 10th. They set a “hold” rating and a $22.00 target price for the company. Finally, Credit Suisse Group reissued a “neutral” rating and set a $21.00 target price (down previously from $30.00) on shares of Basic Energy Services in a report on Monday, September 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.92.
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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