Silver Point Capital L.P. Sells 7,500 Shares of Basic Energy Services, Inc. (BAS) Stock

Basic Energy Services, Inc. (NYSE:BAS) Director Silver Point Capital L.P. sold 7,500 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $24.03, for a total value of $180,225.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Friday, January 12th, Silver Point Capital L.P. sold 45,000 shares of Basic Energy Services stock. The stock was sold at an average price of $25.56, for a total value of $1,150,200.00.
  • On Wednesday, December 27th, Silver Point Capital L.P. sold 78,000 shares of Basic Energy Services stock. The stock was sold at an average price of $25.09, for a total value of $1,957,020.00.
  • On Friday, December 22nd, Silver Point Capital L.P. sold 278,000 shares of Basic Energy Services stock. The stock was sold at an average price of $24.01, for a total value of $6,674,780.00.
  • On Friday, December 15th, Silver Point Capital L.P. sold 30,000 shares of Basic Energy Services stock. The stock was sold at an average price of $23.16, for a total value of $694,800.00.
  • On Tuesday, December 19th, Silver Point Capital L.P. sold 146,000 shares of Basic Energy Services stock. The stock was sold at an average price of $23.10, for a total value of $3,372,600.00.
  • On Tuesday, November 7th, Silver Point Capital L.P. sold 875,000 shares of Basic Energy Services stock. The stock was sold at an average price of $22.75, for a total value of $19,906,250.00.

Basic Energy Services, Inc. (BAS) opened at $23.39 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.76. Basic Energy Services, Inc. has a 52 week low of $14.03 and a 52 week high of $44.81.

Basic Energy Services (NYSE:BAS) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.19. Basic Energy Services had a negative return on equity of 24.91% and a negative net margin of 29.23%. equities analysts predict that Basic Energy Services, Inc. will post -2.01 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of BAS. Key Group Holdings Cayman LTD. bought a new stake in Basic Energy Services during the second quarter valued at about $40,639,000. Janus Henderson Group PLC bought a new stake in Basic Energy Services during the second quarter valued at about $25,018,000. State Street Corp bought a new stake in Basic Energy Services during the second quarter valued at about $15,122,000. Citadel Advisors LLC boosted its position in Basic Energy Services by 406.3% during the third quarter. Citadel Advisors LLC now owns 604,092 shares of the oil and gas company’s stock valued at $11,659,000 after purchasing an additional 484,779 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Basic Energy Services by 74.5% during the second quarter. Vanguard Group Inc. now owns 1,088,728 shares of the oil and gas company’s stock valued at $27,109,000 after purchasing an additional 464,691 shares in the last quarter.

Several brokerages have recently commented on BAS. Seaport Global Securities restated a “buy” rating and set a $40.00 price target on shares of Basic Energy Services in a research note on Thursday. Stephens began coverage on Basic Energy Services in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $26.00 price target on the stock. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, October 2nd. Deutsche Bank began coverage on Basic Energy Services in a research note on Tuesday, October 10th. They set a “hold” rating and a $22.00 price target on the stock. Finally, Piper Jaffray Companies restated a “hold” rating and set a $24.50 price target on shares of Basic Energy Services in a research note on Friday, November 17th. Two 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 stock. Basic Energy Services has an average rating of “Hold” and a consensus price target of $28.44.

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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.

Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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