Basic Energy Services Inc (NYSE:BAS) insider David Scott Schorlemer purchased 10,000 shares of the business’s stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $7.12 per share, for a total transaction of $71,200.00. Following the completion of the purchase, the insider now owns 5,000 shares of the company’s stock, valued at $35,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

David Scott Schorlemer also recently made the following trade(s):

  • On Friday, November 16th, David Scott Schorlemer purchased 5,000 shares of Basic Energy Services stock. The stock was acquired at an average price of $7.24 per share, for a total transaction of $36,200.00.

Shares of BAS stock traded down $0.01 during mid-day trading on Monday, hitting $7.10. 278,100 shares of the stock were exchanged, compared to its average volume of 477,025. The firm has a market cap of $188.85 million, a price-to-earnings ratio of -3.05 and a beta of 2.56. Basic Energy Services Inc has a 12-month low of $6.91 and a 12-month high of $26.75. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.28 and a current ratio of 1.45.

A number of research firms have weighed in on BAS. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. ValuEngine upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Basic Energy Services has a consensus rating of “Hold” and an average price target of $26.24.

Several hedge funds have recently modified their holdings of the business. Ascribe Capital LLC grew its holdings in shares of Basic Energy Services by 7.7% during the third quarter. Ascribe Capital LLC now owns 3,907,536 shares of the oil and gas company’s stock worth $39,036,000 after purchasing an additional 279,600 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Basic Energy Services by 14.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,214,741 shares of the oil and gas company’s stock worth $22,125,000 after purchasing an additional 279,083 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Basic Energy Services by 3.4% during the third quarter. BlackRock Inc. now owns 1,482,400 shares of the oil and gas company’s stock worth $14,810,000 after purchasing an additional 49,369 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Basic Energy Services by 11.8% during the second quarter. Royce & Associates LP now owns 1,402,661 shares of the oil and gas company’s stock worth $15,584,000 after purchasing an additional 148,600 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of Basic Energy Services by 41.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 389,077 shares of the oil and gas company’s stock worth $3,887,000 after purchasing an additional 113,598 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors.

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About Basic Energy Services

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.

Further Reading: How can you know how many shares are floating?

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

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