Basic Energy Services, Inc. (BAS)’s -8.29% change took shares above their 200-day moving average

Basic Energy Services, Inc. (NYSE:BAS) went up to recover about 41.05% since recording its record low price of $14.03. The stock experienced -8.29% slump, arriving at $19.79 on 11/14/2017. During the day, the stock price traveled from $19.7 to $21.71. This company shares are 20.87% off its target price of $23.92 and the current market capitalization stands at $525.82M. The recent change has given its price a 8.45% lead over SMA 50 and -94.77% deficit over its 52-week high. The stock witnessed 4.71% gains, 29.52% gains and -26.59% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BAS’s volatility during a week at 6.23% and during a month it has been found around 7.31%.

Basic Energy Services, Inc. (BAS) Top Holders

Institutional investors currently hold around $632 million or 0% in BAS stock. Look at its top three institutional owners. Silver Point Capital L.P. owns $105.39 million in Basic Energy Services, Inc., which represents roughly 20.04% of the company’s market cap and approximately 16.68% of the institutional ownership. Similar statistics are true for the second largest owner, Ascribe Capital Llc, which owns 3,691,846 shares of the stock are valued at $79.67 million. The third largest holder is Susquehanna International Group, Llp, which currently holds $39.31 million worth of this stock and that ownership represents nearly 7.48% of its market capitalization.

Basic Energy Services, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 64 institutional holders increased their position in Basic Energy Services, Inc. (NYSE:BAS) by some 9,647,920 shares, 51 decreased positions by 4,639,615 and 15 held positions by 15,012,321. That puts total institutional holdings at 29,299,856 shares, according to SEC filings. The stock grabbed 26 new institutional investments totaling 5,522,110 shares while 25 institutional investors sold out their entire positions totaling 3,076,022 shares.

Basic Energy Services, Inc. (NYSE:BAS) Insider Trades

Multiple company employees have indulged in significant insider trading. Basic Energy Services, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, CFO, Secretary, Treasurer Krenek Alan has sold 300 shares of Basic Energy Services, Inc. (BAS) in trading session dated Nov. 08, 2017. These shares are worth $6,738 and were traded at $22.46 each. The SEC filing shows that Silver Point Capital L.P. performed a sale of 875,000 shares. The Director, 10% Owner disposed these shares by way of transaction on Nov. 07, 2017. The company’s shares were given away at $22.75 per share worth to an income of some $19,906,250 on account of Silver Point Capital L.P..

VP, Safety and Operations, Poldrack Lanny Trampas, sold 5,907 common shares of Basic Energy Services, Inc. (BAS) in the open market. In a transaction dated Nov. 07, 2017, the shares were put up for sale at an average price of $20.65, raking in a sum of $121,980.

In the transaction dated Nov. 06, 2017, the great number of shares disposed came courtesy the VP – Pumping Services; Dame William Timothy disposed a total of 5,010 shares at an average price of $22.37, amounting to approximately $112,074. The insider now directly owns 6,359 shares worth $125,845.

Basic Energy Services, Inc. (BAS) Analyst Guide

Several analysts have released their opinion on Basic Energy Services, Inc. (NYSE:BAS), with 3 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.14 average brokerage recommendation.

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