OxFORD Asset Management LLP purchased a new stake in shares of Basic Energy Services, Inc. (NYSE:BAS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 86,063 shares of the oil and gas company’s stock, valued at approximately $1,655,000. OxFORD Asset Management LLP owned approximately 0.33% of Basic Energy Services at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Dupont Capital Management Corp grew its position in Basic Energy Services by 92.8% in the 2nd quarter. Dupont Capital Management Corp now owns 63,850 shares of the oil and gas company’s stock worth $1,590,000 after purchasing an additional 30,739 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Basic Energy Services in the 2nd quarter worth $25,018,000. Wells Fargo & Company MN grew its position in Basic Energy Services by 184.8% in the 2nd quarter. Wells Fargo & Company MN now owns 20,372 shares of the oil and gas company’s stock worth $507,000 after purchasing an additional 13,220 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in Basic Energy Services in the 2nd quarter worth $1,090,000. Finally, Peregrine Capital Management LLC grew its position in Basic Energy Services by 2.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 262,723 shares of the oil and gas company’s stock worth $5,071,000 after purchasing an additional 5,349 shares during the last quarter.
Several analysts have issued reports on BAS shares. Zacks Investment Research upgraded shares of Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, October 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $26.50 target price on shares of Basic Energy Services in a research report on Friday, September 8th. Deutsche Bank began coverage on shares of Basic Energy Services in a research report on Tuesday, October 10th. They set a “hold” rating and a $22.00 target price on the stock. Credit Suisse Group lifted their target price on shares of Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Finally, Evercore ISI reiterated an “outperform” rating and set a $19.00 target price on shares of Basic Energy Services in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Basic Energy Services presently has an average rating of “Hold” and a consensus target price of $26.92.
Basic Energy Services, Inc. (NYSE:BAS) opened at $22.70 on Friday. Basic Energy Services, Inc. has a 12 month low of $14.03 and a 12 month high of $44.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59.
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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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