Basic Energy Services, Inc. (NYSE:BAS) insider Thomas Monroe Patterson sold 1,500 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $19.28, for a total transaction of $28,920.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • 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 transaction of $28,245.00.
  • On Friday, September 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $15.19, for a total transaction of $22,785.00.
  • On Tuesday, August 22nd, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $15.21, for a total transaction of $22,815.00.

Shares of Basic Energy Services, Inc. (NYSE BAS) traded up $1.41 during trading on Friday, hitting $20.70. 643,653 shares of the company traded hands, compared to its average volume of 589,010. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Basic Energy Services, Inc. has a 52-week low of $14.03 and a 52-week high of $44.81.

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BAS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Basic Energy Services from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, July 26th. BidaskClub cut shares of Basic Energy Services from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Seaport Global Securities restated a “neutral” rating on shares of Basic Energy Services in a report on Friday, July 28th. Evercore ISI restated an “outperform” rating and issued a $19.00 price target on shares of Basic Energy Services in a report on Tuesday, September 5th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $26.50 price target on shares of Basic Energy Services in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.92.

Several institutional investors have recently made changes to their positions in the stock. Key Group Holdings Cayman LTD. purchased a new position in shares of Basic Energy Services in the 2nd quarter valued at approximately $40,639,000. Vanguard Group Inc. raised its position in shares of Basic Energy Services by 74.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,088,728 shares of the oil and gas company’s stock valued at $27,109,000 after purchasing an additional 464,691 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in shares of Basic Energy Services by 22.7% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,022,597 shares of the oil and gas company’s stock valued at $25,463,000 after purchasing an additional 189,017 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Basic Energy Services in the 2nd quarter valued at approximately $25,018,000. Finally, Royce & Associates LP raised its position in shares of Basic Energy Services by 31.0% in the 3rd quarter. Royce & Associates LP now owns 869,015 shares of the oil and gas company’s stock valued at $16,772,000 after purchasing an additional 205,505 shares during the last quarter.

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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