Basic Energy Services, Inc. (BAS) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC lowered its position in Basic Energy Services, Inc. (NYSE:BAS) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 507,520 shares of the oil and gas company’s stock after selling 96,572 shares during the period. Citadel Advisors LLC owned 1.95% of Basic Energy Services worth $11,911,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BAS. Schwab Charles Investment Management Inc. bought a new position in shares of Basic Energy Services in the second quarter valued at approximately $1,090,000. Wells Fargo & Company MN raised its stake in shares of Basic Energy Services by 184.8% in the second quarter. Wells Fargo & Company MN now owns 20,372 shares of the oil and gas company’s stock valued at $507,000 after acquiring an additional 13,220 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of Basic Energy Services in the second quarter valued at approximately $750,000. Teachers Advisors LLC bought a new position in shares of Basic Energy Services in the second quarter valued at approximately $767,000. Finally, TIAA CREF Investment Management LLC bought a new position in shares of Basic Energy Services in the second quarter valued at approximately $1,358,000.

Shares of Basic Energy Services, Inc. (NYSE BAS) opened at $19.25 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. The firm has a market cap of $487.51, a P/E ratio of -2.95 and a beta of 2.67. Basic Energy Services, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $42.79.

In other Basic Energy Services news, CFO Alan Krenek sold 4,500 shares of Basic Energy Services stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $25.05, for a total transaction of $112,725.00. Following the completion of the sale, the chief financial officer now owns 41,654 shares of the company’s stock, valued at approximately $1,043,432.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Silver Point Capital L.P. sold 278,000 shares of Basic Energy Services stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $24.01, for a total transaction of $6,674,780.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,010,885 shares of company stock valued at $24,322,486. 0.69% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on the stock. Stephens started coverage on shares of Basic Energy Services in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $26.00 target price for the company. Seaport Global Securities reissued a “buy” rating and issued a $40.00 price target on shares of Basic Energy Services in a report on Thursday, January 18th. ValuEngine lowered shares of Basic Energy Services from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Credit Suisse Group raised their price target on shares of Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two research 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 company has an average rating of “Hold” and an average price target of $28.44.

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Basic Energy Services 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)

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