Basic Energy Services, Inc. (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $23.18, for a total value of $34,770.00. Following the completion of the transaction, the insider now owns 41,273 shares of the company’s stock, valued at approximately $956,708.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Thomas Monroe Patterson also recently made the following trade(s):

  • On Wednesday, November 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $19.28, for a total value of $28,920.00.
  • On Monday, October 16th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $18.83, for a total value of $28,245.00.

Shares of Basic Energy Services, Inc. (NYSE:BAS) opened at $22.89 on Wednesday. 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 several recent analyst reports. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, October 2nd. Piper Jaffray Companies restated a “hold” rating and set a $26.50 target price on shares of Basic Energy Services in a research note on Friday, September 8th. Deutsche Bank initiated coverage on Basic Energy Services in a research note on Tuesday, October 10th. They set a “hold” rating and a $22.00 target price for the company. Credit Suisse Group boosted their target price 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. Finally, Evercore ISI restated an “outperform” rating and set a $19.00 target price on shares of Basic Energy Services in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Basic Energy Services currently has a consensus rating of “Hold” and a consensus target price of $26.92.

A number of hedge funds have recently bought and sold shares of BAS. Legal & General Group Plc acquired a new position in Basic Energy Services during the second quarter worth approximately $112,000. Nationwide Fund Advisors acquired a new position in Basic Energy Services during the second quarter worth approximately $245,000. Dynamic Technology Lab Private Ltd acquired a new position in Basic Energy Services during the third quarter worth approximately $264,000. Russell Investments Group Ltd. increased its position in Basic Energy Services by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 12,149 shares of the oil and gas company’s stock worth $303,000 after buying an additional 853 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in Basic Energy Services by 107.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,350 shares of the oil and gas company’s stock worth $332,000 after buying an additional 6,905 shares during the period.

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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.

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

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