Thomas Monroe Patterson Sells 1,500 Shares of Basic Energy Services, Inc. (BAS) Stock

Basic Energy Services, Inc. (NYSE:BAS) CEO Thomas Monroe Patterson sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $18.17, for a total value of $27,255.00. Following the transaction, the chief executive officer now owns 152,178 shares of the company’s stock, valued at approximately $2,765,074.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Thomas Monroe Patterson also recently made the following trade(s):

  • On Tuesday, January 16th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $24.68, for a total value of $37,020.00.
  • On Friday, December 15th, Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock. The shares were sold at an average price of $23.18, for a total value of $34,770.00.

Basic Energy Services, Inc. (NYSE:BAS) traded up $0.30 during trading on Friday, hitting $19.50. 92,727 shares of the stock traded hands, compared to its average volume of 436,313. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Basic Energy Services, Inc. has a 1 year low of $14.03 and a 1 year high of $40.86. The company has a market capitalization of $497.14, a P/E ratio of -2.94 and a beta of 2.67.

BAS has been the subject of several recent analyst reports. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Seaport Global Securities restated a “buy” rating and set a $40.00 target price on shares of Basic Energy Services in a research report on Thursday, January 18th. ValuEngine lowered 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 target price on shares of Basic Energy Services in a research report on Friday, November 17th. Finally, Stephens initiated coverage on Basic Energy Services in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $26.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Basic Energy Services has a consensus rating of “Hold” and a consensus target price of $28.44.

Several institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. bought a new position in Basic Energy Services in the second quarter worth approximately $1,090,000. Wells Fargo & Company MN raised its stake in Basic Energy Services by 184.8% in the second quarter. Wells Fargo & Company MN now owns 20,372 shares of the oil and gas company’s stock worth $507,000 after buying an additional 13,220 shares in the last quarter. Alliancebernstein L.P. bought a new position in Basic Energy Services in the second quarter worth approximately $750,000. Teachers Advisors LLC bought a new position in Basic Energy Services in the second quarter worth approximately $767,000. Finally, TIAA CREF Investment Management LLC bought a new position in Basic Energy Services in the second quarter worth approximately $1,358,000.

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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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