Dupont Capital Management Corp raised its position in shares of Basic Energy Services Inc (NYSE:BAS) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,050 shares of the oil and gas company’s stock after buying an additional 35,000 shares during the quarter. Dupont Capital Management Corp owned 0.79% of Basic Energy Services worth $807,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Ascribe Capital LLC lifted its stake in Basic Energy Services by 7.7% during the third quarter. Ascribe Capital LLC now owns 3,907,536 shares of the oil and gas company’s stock valued at $39,036,000 after buying an additional 279,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Basic Energy Services by 14.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,214,741 shares of the oil and gas company’s stock valued at $22,125,000 after purchasing an additional 279,083 shares during the period. BlackRock Inc. increased its holdings in shares of Basic Energy Services by 3.4% in the 3rd quarter. BlackRock Inc. now owns 1,482,400 shares of the oil and gas company’s stock valued at $14,810,000 after purchasing an additional 49,369 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in shares of Basic Energy Services by 41.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 389,077 shares of the oil and gas company’s stock valued at $3,887,000 after purchasing an additional 113,598 shares during the period. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Basic Energy Services in the 3rd quarter valued at about $2,655,000. 92.94% of the stock is owned by institutional investors.
In other news, major shareholder Ascribe Capital Llc acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were purchased at an average price of $4.91 per share, for a total transaction of $73,650.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy H. Day acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $6.91 per share, for a total transaction of $207,300.00. Following the acquisition, the director now directly owns 44,522 shares of the company’s stock, valued at approximately $307,647.02. The disclosure for this purchase can be found here. Insiders bought a total of 197,400 shares of company stock worth $1,255,709 in the last quarter. 1.95% of the stock is owned by corporate insiders.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. ValuEngine upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Capital One Financial downgraded Basic Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th.
Shares of BAS opened at $4.93 on Thursday. The stock has a market capitalization of $128.02 million, a PE ratio of -2.12 and a beta of 2.94. Basic Energy Services Inc has a fifty-two week low of $3.63 and a fifty-two week high of $20.42. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.28 and a current ratio of 1.45.
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About Basic Energy Services
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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