Swiss National Bank Invests $904,000 in Basic Energy Services, Inc. (BAS)

Swiss National Bank bought a new position in shares of Basic Energy Services, Inc. (NYSE:BAS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,300 shares of the oil and gas company’s stock, valued at approximately $904,000. Swiss National Bank owned approximately 0.15% of Basic Energy Services at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BAS. JPMorgan Chase & Co. grew its position in Basic Energy Services by 1,052,325.0% in the 1st quarter. JPMorgan Chase & Co. now owns 42,097 shares of the oil and gas company’s stock worth $1,404,000 after purchasing an additional 42,093 shares in the last quarter. UBS Oconnor LLC purchased a new position in Basic Energy Services in the first quarter valued at about $3,985,000. Dupont Capital Management Corp boosted its stake in Basic Energy Services by 92.8% in the second quarter. Dupont Capital Management Corp now owns 63,850 shares of the oil and gas company’s stock valued at $1,590,000 after acquiring an additional 30,739 shares during the last quarter. UBS Group AG boosted its stake in Basic Energy Services by 1,092.8% in the first quarter. UBS Group AG now owns 14,612 shares of the oil and gas company’s stock valued at $487,000 after acquiring an additional 13,387 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in 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 acquiring an additional 5,702 shares during the last quarter. 97.41% of the stock is owned by institutional investors.

In related news, VP Brett J. Taylor sold 7,857 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.07, for a total value of $141,975.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy H. Day purchased 12,000 shares of Basic Energy Services stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $16.77 per share, for a total transaction of $201,240.00. Following the transaction, the director now directly owns 32,200 shares of the company’s stock, valued at approximately $539,994. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 29,000 shares of company stock worth $509,990 and sold 15,457 shares worth $274,933. Insiders own 11.10% of the company’s stock.

A number of research firms have weighed in on BAS. Piper Jaffray Companies reiterated a “hold” rating and issued a $26.50 target price on shares of Basic Energy Services in a research note on Friday, October 13th. Deutsche Bank AG began coverage on shares of Basic Energy Services in a research note on Tuesday, October 10th. They issued a “hold” rating and a $22.00 target price on the stock. Zacks Investment Research cut shares of Basic Energy Services from a “buy” rating to a “sell” rating in a research note on Wednesday, October 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $21.00 target price (down from $30.00) on shares of Basic Energy Services in a research note on Monday, September 25th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $19.00 target price on shares of Basic Energy Services in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.92.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/19/swiss-national-bank-invests-904000-in-basic-energy-services-inc-bas.html.

Several other large investors have also bought and sold shares of BAS. JPMorgan Chase & Co. grew its position in Basic Energy Services by 1,052,325.0% in the 1st quarter. JPMorgan Chase & Co. now owns 42,097 shares of the oil and gas company’s stock worth $1,404,000 after purchasing an additional 42,093 shares in the last quarter. UBS Oconnor LLC purchased a new position in Basic Energy Services in the first quarter valued at about $3,985,000. Dupont Capital Management Corp boosted its stake in Basic Energy Services by 92.8% in the second quarter. Dupont Capital Management Corp now owns 63,850 shares of the oil and gas company’s stock valued at $1,590,000 after acquiring an additional 30,739 shares during the last quarter. UBS Group AG boosted its stake in Basic Energy Services by 1,092.8% in the first quarter. UBS Group AG now owns 14,612 shares of the oil and gas company’s stock valued at $487,000 after acquiring an additional 13,387 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in 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 acquiring an additional 5,702 shares during the last quarter. 97.41% of the stock is owned by institutional investors.

In related news, VP Brett J. Taylor sold 7,857 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.07, for a total value of $141,975.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy H. Day purchased 12,000 shares of Basic Energy Services stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $16.77 per share, for a total transaction of $201,240.00. Following the transaction, the director now directly owns 32,200 shares of the company’s stock, valued at approximately $539,994. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 29,000 shares of company stock worth $509,990 and sold 15,457 shares worth $274,933. Insiders own 11.10% of the company’s stock.

A number of research firms have weighed in on BAS. Piper Jaffray Companies reiterated a “hold” rating and issued a $26.50 target price on shares of Basic Energy Services in a research note on Friday, October 13th. Deutsche Bank AG began coverage on shares of Basic Energy Services in a research note on Tuesday, October 10th. They issued a “hold” rating and a $22.00 target price on the stock. Zacks Investment Research cut shares of Basic Energy Services from a “buy” rating to a “sell” rating in a research note on Wednesday, October 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $21.00 target price (down from $30.00) on shares of Basic Energy Services in a research note on Monday, September 25th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $19.00 target price on shares of Basic Energy Services in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.92.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/19/swiss-national-bank-invests-904000-in-basic-energy-services-inc-bas.html.

Basic Energy Services, Inc. (BAS) opened at 18.05 on Thursday. The company’s market cap is $445.19 million. Basic Energy Services, Inc. has a one year low of $14.03 and a one year high of $44.81. The stock has a 50 day moving average of $17.90 and a 200-day moving average of $17.90.

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.

Institutional Ownership by Quarter for Basic Energy Services (NYSE:BAS)

Receive News & Ratings for Basic Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basic Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply