Ascribe Capital Llc Buys 5,174 Shares of Basic Energy Services Inc (BAS) Stock

Basic Energy Services Inc (NYSE:BAS) major shareholder Ascribe Capital Llc acquired 5,174 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were purchased at an average cost of $7.41 per share, with a total value of $38,339.34. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ascribe Capital Llc also recently made the following trade(s):

  • On Tuesday, October 30th, Ascribe Capital Llc acquired 54,328 shares of Basic Energy Services stock. The shares were purchased at an average cost of $7.42 per share, with a total value of $403,113.76.

BAS opened at $8.11 on Thursday. Basic Energy Services Inc has a twelve month low of $7.20 and a twelve month high of $26.75. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.30. The stock has a market cap of $212.76 million, a P/E ratio of -3.48 and a beta of 2.56.

Several equities research analysts recently weighed in on BAS shares. ValuEngine cut shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.24.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc raised its stake in Basic Energy Services by 244.4% during the second quarter. NumerixS Investment Technologies Inc now owns 9,300 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 6,600 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new position in Basic Energy Services during the second quarter worth about $131,000. Macquarie Group Ltd. raised its stake in Basic Energy Services by 408.3% during the second quarter. Macquarie Group Ltd. now owns 18,300 shares of the oil and gas company’s stock worth $203,000 after acquiring an additional 14,700 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Basic Energy Services during the second quarter worth about $220,000. Finally, Guggenheim Capital LLC raised its stake in Basic Energy Services by 86.6% during the first quarter. Guggenheim Capital LLC now owns 23,383 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 10,854 shares in the last quarter. 98.63% of the stock is owned by institutional investors and hedge funds.

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Basic Energy Services Company Profile

Basic Energy Services, Inc provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.

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

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