Basic Energy Services (NYSE:BAS) released its quarterly earnings results on Monday. The oil and gas company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.15), Bloomberg Earnings reports. Basic Energy Services had a negative net margin of 29.23% and a negative return on equity of 24.91%. The business had revenue of $235.27 million during the quarter, compared to analyst estimates of $232.46 million.
Basic Energy Services (NYSE BAS) opened at $17.13 on Wednesday. The stock has a market cap of $520.30, a price-to-earnings ratio of -2.63 and a beta of 2.67. 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 has a 1-year low of $14.03 and a 1-year high of $40.31.
In other news, CFO Alan Krenek sold 4,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $25.05, for a total transaction of $112,725.00. Following the completion of the transaction, the chief financial officer now directly owns 41,654 shares in the company, valued at $1,043,432.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Timothy Dame sold 2,500 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $23.58, for a total transaction of $58,950.00. Following the transaction, the vice president now owns 3,859 shares of the company’s stock, valued at $90,995.22. The disclosure for this sale can be found here. Insiders have sold 1,012,385 shares of company stock valued at $24,349,741 over the last quarter. Company insiders own 0.69% of the company’s stock.
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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.
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