Timothy H. Day Buys 12,000 Shares of Basic Energy Services, Inc. (BAS) Stock

Basic Energy Services, Inc. (NYSE:BAS) Director Timothy H. Day bought 12,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $16.77 per share, for a total transaction of $201,240.00. Following the transaction, the director now owns 32,200 shares of the company’s stock, valued at $539,994. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Basic Energy Services, Inc. (NYSE BAS) opened at 15.51 on Wednesday. The stock has a 50 day moving average of $23.80 and a 200 day moving average of $29.91. Basic Energy Services, Inc. has a 12-month low of $15.37 and a 12-month high of $44.81. The company’s market cap is $382.54 million.

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Several equities research analysts have issued reports on BAS shares. Instinet restated a “buy” rating on shares of Basic Energy Services in a research report on Wednesday, April 19th. Seaport Global Securities downgraded Basic Energy Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Credit Suisse Group started coverage on Basic Energy Services in a research report on Friday, July 21st. They set a “neutral” rating on the stock. BidaskClub upgraded Basic Energy Services from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $26.50 target price (down previously from $33.00) on shares of Basic Energy Services in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.63.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Basic Energy Services during the fourth quarter valued at $243,000. Thomson Horstmann & Bryant Inc. acquired a new position in shares of Basic Energy Services during the first quarter valued at $567,000. DUPONT CAPITAL MANAGEMENT Corp boosted its position in shares of Basic Energy Services by 2.2% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 33,111 shares of the oil and gas company’s stock valued at $1,105,000 after buying an additional 706 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Basic Energy Services by 393.2% in the first quarter. Wells Fargo & Company MN now owns 7,152 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 5,702 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Basic Energy Services during the first quarter valued at $14,423,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

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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