Basic Energy Services, Inc. (NYSE:BAS) is on recovery track with 65.72% gain from a 1-year low price of $3.63. The company lost -2.75% to attain the price of $6.01 on 01/11/2019. Throughout the recent session, the prices were hovering between $5.83 and $6.12. These shares are 84.69% off its target price of $11.1 and the current market capitalization stands at $164.07M. The recent change has given its price a -0.72% deficit over SMA 50 and -77.06% deficit over its 52-week high. The stock witnessed 14.69% gains, -43.94% declines and -49.07% 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 11.48% and during a month it has been found around 9.44%.Basic Energy Services, Inc. (BAS) Top Holders
Institutional investors currently hold around $149 million or 94% in BAS stock. Look at its top three institutional owners. Ascribe Capital Llc owns $23.48 million in Basic Energy Services, Inc., which represents roughly 14.31% of the company’s market cap and approximately 15.76% of the institutional ownership. Similar statistics are true for the second largest owner, Silver Point Capital L.P., which owns 3,272,451 shares of the stock are valued at $19.67 million. The third largest holder is Susquehanna International Group, Llp, which currently holds $14.71 million worth of this stock and that ownership represents nearly 8.96% of its market capitalization.Basic Energy Services, Inc. 13F Filings
At the end of September reporting period, 47 institutional holders increased their position in Basic Energy Services, Inc. (NYSE:BAS) by some 2,786,102 shares, 56 decreased positions by 4,223,511 and 19 held positions by 17,737,388. That puts total institutional holdings at 24,747,001 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 674,754 shares while 27 institutional investors sold out their entire positions totaling 2,447,417 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 Schorlemer David Scott has acquired 5,000 shares of Basic Energy Services, Inc. (BAS) in trading session dated Dec. 26, 2018. These shares are worth $20,250 and were traded at $4.05 each. The SEC filing shows that Ascribe Capital Llc performed a purchase of 15,000 shares. The 10% Owner added these shares by way of transaction on Dec. 14, 2018. The company’s shares were assimilated at $4.91 per share worth to an investment of some $73,650 on account of Ascribe Capital Llc.
, Schorlemer David Scott, purchased 5,000 common shares of Basic Energy Services, Inc. (BAS) in the open market. In a transaction dated Dec. 07, 2018, the shares were bought at an average price of $5.5, giving away a sum of $27,500. After this purchase, 20,000 common shares of BAS are directly owned by the insider, with total stake valued at $120,200.
In the transaction dated Nov. 28, 2018, the great number of shares acquired came courtesy the 10% Owner; Ascribe Capital Llc added a total of 46,500 shares at an average price of $6.09, amounting to approximately $283,185. The insider now directly owns 4,165,238 shares worth $25,033,080.Basic Energy Services, Inc. (BAS) Analyst Guide
Several analysts have released their opinion on Basic Energy Services, Inc. (NYSE:BAS), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.17 average brokerage recommendation.