Basic Energy Services, Inc. (BAS) CFO Alan Krenek Sells 500 Shares

Basic Energy Services, Inc. (NYSE:BAS) CFO Alan Krenek sold 500 shares of Basic Energy Services stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $25.00, for a total value of $12,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Alan Krenek also recently made the following trade(s):

  • On Wednesday, December 27th, Alan Krenek sold 4,500 shares of Basic Energy Services stock. The stock was sold at an average price of $25.05, for a total value of $112,725.00.
  • On Friday, December 8th, Alan Krenek sold 300 shares of Basic Energy Services stock. The stock was sold at an average price of $22.43, for a total value of $6,729.00.
  • On Wednesday, November 8th, Alan Krenek sold 300 shares of Basic Energy Services stock. The stock was sold at an average price of $22.46, for a total value of $6,738.00.
  • On Monday, October 9th, Alan Krenek sold 300 shares of Basic Energy Services stock. The stock was sold at an average price of $18.71, for a total value of $5,613.00.

Shares of Basic Energy Services, Inc. (BAS) traded up $0.38 during mid-day trading on Thursday, reaching $24.93. The company’s stock had a trading volume of 269,500 shares, compared to its average volume of 310,500. The company has a market capitalization of $638.99, a P/E ratio of -3.82 and a beta of 2.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59. Basic Energy Services, Inc. has a 1-year low of $14.03 and a 1-year high of $44.81.

Hedge funds have recently modified their holdings of the business. Legal & General Group Plc bought a new stake in Basic Energy Services in the second quarter worth approximately $112,000. Nationwide Fund Advisors acquired a new stake in Basic Energy Services in the second quarter valued at approximately $245,000. Russell Investments Group Ltd. grew its stake 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 valued at $303,000 after acquiring an additional 853 shares during the period. Parametric Portfolio Associates LLC grew its stake in Basic Energy Services by 107.1% in the second quarter. Parametric Portfolio Associates LLC now owns 13,350 shares of the oil and gas company’s stock valued at $332,000 after acquiring an additional 6,905 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Basic Energy Services in the third quarter valued at approximately $264,000.

A number of equities analysts have recently issued reports on the company. Seaport Global Securities upgraded Basic Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. ValuEngine downgraded Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Piper Jaffray Companies restated a “hold” rating and set a $24.50 price objective on shares of Basic Energy Services in a research report on Friday, November 17th. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Credit Suisse Group raised their price objective on Basic Energy Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Basic Energy Services has a consensus rating of “Hold” and a consensus target price of $26.92.

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Basic Energy Services Company Profile

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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