Basic Energy Services Inc (NYSE:BAS) Director Timothy H. Day acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of $6.91 per share, for a total transaction of $207,300.00. Following the transaction, the director now directly owns 44,522 shares in the company, valued at $307,647.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BAS stock opened at $7.04 on Wednesday. The stock has a market cap of $188.58 million, a PE ratio of -3.02 and a beta of 2.56. The company has a current ratio of 1.45, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07. Basic Energy Services Inc has a 1 year low of $6.75 and a 1 year high of $26.75.

Basic Energy Services (NYSE:BAS) last posted its earnings results on Thursday, November 1st. The oil and gas company reported ($0.94) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.22). Basic Energy Services had a negative return on equity of 28.29% and a negative net margin of 12.19%. The business had revenue of $246.33 million during the quarter, compared to analyst estimates of $255.00 million. As a group, sell-side analysts expect that Basic Energy Services Inc will post -3.51 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ascribe Capital LLC raised its holdings in shares of Basic Energy Services by 7.7% in the 3rd quarter. Ascribe Capital LLC now owns 3,907,536 shares of the oil and gas company’s stock worth $39,036,000 after acquiring an additional 279,600 shares during the last quarter. TVR Capital Management LP acquired a new stake in shares of Basic Energy Services in the 3rd quarter worth about $525,000. BlueMountain Capital Management LLC raised its holdings in shares of Basic Energy Services by 62.8% in the 3rd quarter. BlueMountain Capital Management LLC now owns 21,079 shares of the oil and gas company’s stock worth $211,000 after acquiring an additional 8,130 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Basic Energy Services by 4,064.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,233 shares of the oil and gas company’s stock worth $1,620,000 after acquiring an additional 158,337 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Basic Energy Services by 128.8% in the 3rd quarter. GSA Capital Partners LLP now owns 71,407 shares of the oil and gas company’s stock worth $713,000 after acquiring an additional 40,200 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

A number of research firms have recently issued reports on BAS. ValuEngine cut shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Basic Energy Services presently has a consensus rating of “Hold” and a consensus target price of $26.24.

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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.

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