Basic Energy Services (BAS) Lifted to Hold at ValuEngine
ValuEngine upgraded shares of Basic Energy Services (NYSE:BAS) from a sell rating to a hold rating in a research note issued to investors on Thursday.
Other analysts also recently issued reports about the stock. Seaport Global Securities raised shares of Basic Energy Services from a neutral rating to a buy rating in a report on Wednesday, December 20th. Stephens started coverage on shares of Basic Energy Services in a report on Tuesday, January 9th. They issued an equal weight rating and a $26.00 price target for the company. Piper Jaffray Companies reissued a hold rating and issued a $24.50 price target on shares of Basic Energy Services in a report on Friday, November 17th. Zacks Investment Research raised shares of Basic Energy Services from a sell rating to a hold rating in a report on Wednesday, November 8th. Finally, Credit Suisse Group increased their price target 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Basic Energy Services presently has an average rating of Hold and an average price target of $28.44.
Basic Energy Services (BAS) opened at $16.96 on Thursday. Basic Energy Services has a 12 month low of $14.03 and a 12 month high of $38.52. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.77.
In other news, VP William Timothy Dame sold 3,859 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $24.19, for a total transaction of $93,349.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Monroe Patterson sold 1,500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $18.17, for a total transaction of $27,255.00. Following the transaction, the chief executive officer now directly owns 152,178 shares of the company’s stock, valued at $2,765,074.26. The disclosure for this sale can be found here. Insiders have sold a total of 1,009,885 shares of company stock valued at $24,290,791 over the last ninety days. 0.69% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. bought a new position in shares of Basic Energy Services during the 4th quarter worth about $221,000. MetLife Investment Advisors LLC bought a new position in shares of Basic Energy Services during the 4th quarter worth about $221,000. Alambic Investment Management L.P. bought a new position in shares of Basic Energy Services during the 4th quarter worth about $230,000. Two Sigma Investments LP bought a new position in shares of Basic Energy Services during the 4th quarter worth about $239,000. Finally, Nationwide Fund Advisors bought a new position in shares of Basic Energy Services during the 2nd quarter worth about $245,000.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/basic-energy-services-bas-lifted-to-hold-at-valuengine/1908513.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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Basic Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basic Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.