Stephens started coverage on shares of Basic Energy Services (NYSE:BAS) in a report issued on Tuesday, MarketBeat.com reports. The firm issued an equal weight rating and a $26.00 price target on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on BAS. Zacks Investment Research cut shares of Basic Energy Services from a buy rating to a sell rating in a research report on Wednesday, October 4th. Deutsche Bank started coverage on shares of Basic Energy Services in a research report on Tuesday, October 10th. They set a hold rating and a $22.00 price target on the stock. Piper Jaffray Companies reiterated a hold rating and set a $26.50 price target on shares of Basic Energy Services in a research report on Friday, October 13th. ValuEngine cut shares of Basic Energy Services from a hold rating to a sell rating in a research report on Friday, December 1st. Finally, Credit Suisse Group reiterated a neutral rating and set a $21.00 price target (down previously from $30.00) on shares of Basic Energy Services in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $26.79.

Shares of Basic Energy Services (NYSE:BAS) traded down $0.81 during midday trading on Tuesday, hitting $24.91. 378,449 shares of the company traded hands, compared to its average volume of 316,622. Basic Energy Services has a one year low of $14.03 and a one year 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. The stock has a market capitalization of $669.44 and a PE ratio of -3.93.

In other Basic Energy Services news, insider Thomas Monroe Patterson sold 1,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $18.83, for a total value of $28,245.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lanny Trampas Poldrack sold 5,907 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $20.65, for a total transaction of $121,979.55. Following the completion of the sale, the vice president now owns 907 shares in the company, valued at approximately $18,729.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,505,792 shares of company stock worth $35,023,488. Corporate insiders own 0.69% of the company’s stock.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Basic Energy Services during the third quarter valued at approximately $3,019,000. Royce & Associates LP grew its holdings in shares of Basic Energy Services by 31.0% during the third quarter. Royce & Associates LP now owns 869,015 shares of the oil and gas company’s stock valued at $16,772,000 after buying an additional 205,505 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Basic Energy Services during the third quarter valued at approximately $1,655,000. Dimensional Fund Advisors LP grew its holdings in shares of Basic Energy Services by 175.1% during the third quarter. Dimensional Fund Advisors LP now owns 447,815 shares of the oil and gas company’s stock valued at $8,643,000 after buying an additional 285,009 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Basic Energy Services by 79.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 78,444 shares of the oil and gas company’s stock valued at $1,514,000 after buying an additional 34,688 shares during the last quarter.

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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.

Analyst Recommendations for Basic Energy Services (NYSE:BAS)

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