Jefferies Group LLC increased its position in Basic Energy Services, Inc. (NYSE:BAS) by 175.8% during the fourth quarter, HoldingsChannel reports. The firm owned 161,105 shares of the oil and gas company’s stock after buying an additional 102,699 shares during the quarter. Jefferies Group LLC’s holdings in Basic Energy Services were worth $3,781,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of BAS. State Street Corp bought a new position in shares of Basic Energy Services in the 2nd quarter worth $15,122,000. Citadel Advisors LLC lifted its stake in Basic Energy Services by 406.3% during the 3rd quarter. Citadel Advisors LLC now owns 604,092 shares of the oil and gas company’s stock valued at $11,659,000 after acquiring an additional 484,779 shares in the last quarter. Vanguard Group Inc. lifted its stake in Basic Energy Services by 74.5% during 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 acquiring an additional 464,691 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Basic Energy Services by 175.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 447,815 shares of the oil and gas company’s stock valued at $8,643,000 after acquiring an additional 285,009 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in Basic Energy Services by 31.0% during 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 acquiring an additional 205,505 shares in the last quarter.
In other news, CEO Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $18.17, for a total transaction of $27,255.00. Following the sale, the chief executive officer now directly owns 152,178 shares in the company, valued at approximately $2,765,074.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Silver Point Capital L.P. sold 125,000 shares of Basic Energy Services stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $23.68, for a total value of $2,960,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,009,585 shares of company stock worth $24,284,062 over the last quarter. Company insiders own 11.10% of the company’s stock.
Shares of Basic Energy Services, Inc. (NYSE BAS) opened at $17.66 on Friday. Basic Energy Services, Inc. has a 52 week low of $14.03 and a 52 week high of $36.58. The company has a current ratio of 1.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.77.
Basic Energy Services (NYSE:BAS) last released its earnings results on Monday, February 26th. The oil and gas company reported ($0.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.15). The business had revenue of $235.27 million for the quarter, compared to the consensus estimate of $232.46 million. Basic Energy Services had a negative return on equity of 16.12% and a negative net margin of 11.19%. analysts anticipate that Basic Energy Services, Inc. will post -0.66 earnings per share for the current year.
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Basic Energy Services 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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