Basic Energy Services, Inc. (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $15.21, for a total value of $22,815.00. Following the transaction, the insider now directly owns 47,273 shares of the company’s stock, valued at $719,022.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Basic Energy Services, Inc. (NYSE:BAS) traded up 1.90% during trading on Friday, hitting $15.00. The stock had a trading volume of 197,251 shares. The stock’s market cap is $369.96 million. Basic Energy Services, Inc. has a one year low of $14.68 and a one year high of $44.81. The stock’s 50-day moving average price is $21.69 and its 200 day moving average price is $28.58.

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Several research firms have recently commented on BAS. Zacks Investment Research lowered Basic Energy Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised Basic Energy Services from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Seaport Global Securities lowered Basic Energy Services from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $26.50 target price (down from $33.00) on shares of Basic Energy Services in a report on Wednesday, July 12th. Finally, Credit Suisse Group began coverage on Basic Energy Services in a report on Friday, July 21st. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Basic Energy Services has a consensus rating of “Hold” and a consensus target price of $27.63.

A number of institutional investors have recently added to or reduced their stakes in BAS. Legal & General Group Plc bought a new position in Basic Energy Services during the second quarter worth about $112,000. Parametric Portfolio Associates LLC bought a new position in Basic Energy Services during the first quarter worth about $215,000. Wells Fargo & Company MN boosted its position in Basic Energy Services by 393.2% in the first quarter. Wells Fargo & Company MN now owns 7,152 shares of the oil and gas company’s stock worth $239,000 after buying an additional 5,702 shares in the last quarter. Nationwide Fund Advisors bought a new position in Basic Energy Services during the second quarter worth about $245,000. Finally, Russell Investments Group Ltd. boosted its position in Basic Energy Services by 7.6% in 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 in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

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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