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 firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $24.03, for a total value of $180,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, January 22nd, Silver Point Capital L.P. sold 125,000 shares of Basic Energy Services stock. The shares were sold at an average price of $23.68, for a total value of $2,960,000.00.
  • On Wednesday, January 24th, Silver Point Capital L.P. sold 186,000 shares of Basic Energy Services stock. The shares were sold at an average price of $23.82, for a total value of $4,430,520.00.
  • On Friday, January 12th, Silver Point Capital L.P. sold 45,000 shares of Basic Energy Services stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $22.75, for a total value of $19,906,250.00.

Shares of Basic Energy Services, Inc. (NYSE BAS) traded up $0.13 during trading on Friday, reaching $17.44. The company had a trading volume of 701,847 shares, compared to its average volume of 472,995. Basic Energy Services, Inc. has a 1-year low of $14.03 and a 1-year 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.

BAS has been the topic of a number of recent research reports. Credit Suisse Group raised their target price on Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Piper Jaffray Companies restated a “hold” rating and issued a $24.50 target price on shares of Basic Energy Services in a report on Friday, November 17th. ValuEngine lowered Basic Energy Services from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Seaport Global Securities upgraded Basic Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Two investment 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.44.

A number of institutional investors have recently modified their holdings of the stock. Key Group Holdings Cayman LTD. bought a new stake in Basic Energy Services during the second quarter worth $40,639,000. BlackRock Inc. lifted its holdings in Basic Energy Services by 1.4% during the fourth quarter. BlackRock Inc. now owns 1,305,573 shares of the oil and gas company’s stock worth $30,643,000 after acquiring an additional 18,550 shares during the period. Vanguard Group Inc. raised its stake in shares of Basic Energy Services by 74.5% in 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 buying an additional 464,691 shares during the period. Royce & Associates LP raised its stake in shares of Basic Energy Services by 20.3% in the fourth quarter. Royce & Associates LP now owns 1,045,272 shares of the oil and gas company’s stock valued at $24,533,000 after buying an additional 176,257 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in shares of Basic Energy Services by 22.7% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,022,597 shares of the oil and gas company’s stock valued at $25,463,000 after buying an additional 189,017 shares during the period.

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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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