Analyst Activity – Credit Suisse Group Initiates Coverage On Basic Energy Services (NYSE:BAS) With a Neutral

ME Staff
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Analyst Ratings For Basic Energy Services (NYSE:BAS)

Today, Credit Suisse Group initiated coverage on Basic Energy Services (NYSE:BAS) with a Neutral.

There are 9 hold ratings, 3 buy ratings on the stock.

The current consensus rating on Basic Energy Services (NYSE:BAS) is Hold (Score: 2.25) with a consensus target price of $20.13 per share, a potential 26.68% downside.

Some recent analyst ratings include

  • 7/21/2017-Credit Suisse Group initiated coverage with a Neutral rating.
  • 7/12/2017-Piper Jaffray Companies Reiterated Rating of Neutral.
  • 6/21/2017-Seaport Global Securities was Downgraded by analysts at Seaport Global Securities from a “Buy ” rating to a ” Neutral” rating.
  • 4/19/2017-Instinet Reiterated Rating of Buy.
  • 4/19/2017-Nomura initiated coverage with a Buy rating.
  • 3/29/2017-Deutsche Bank AG Reiterated Rating of Hold.
  • 12/29/2016-Johnson Rice Upgrade from a “Hold ” rating to a ” Accumulate” rating.

Recent Insider Trading Activity For Basic Energy Services (NYSE:BAS)
Basic Energy Services (NYSE:BAS) has insider ownership of 11.10% and institutional ownership of 97.39%.

  • On 4/12/2017 Ascribe Capital Llc, Major Shareholder, sold 11,900 with an average share price of $35.68 per share and the total transaction amounting to $424,592.00. View SEC Filing
  • On 2/14/2017 Ascribe Capital Llc, Major Shareholder, sold 189,000 with an average share price of $43.93 per share and the total transaction amounting to $8,302,770.00. View SEC Filing
  • On 2/10/2017 Ascribe Capital Llc, Major Shareholder, sold 207,825 with an average share price of $42.81 per share and the total transaction amounting to $8,896,988.25. View SEC Filing
  • On 2/2/2017 Ascribe Capital Llc, Major Shareholder, sold 23,129 with an average share price of $41.83 per share and the total transaction amounting to $967,486.07. View SEC Filing
  • On 1/27/2017 Ascribe Capital Llc, Major Shareholder, sold 139,700 with an average share price of $42.03 per share and the total transaction amounting to $5,871,591.00. View SEC Filing
  • On 1/26/2017 Silver Point Capital L.P., Major Shareholder, sold 131,382 with an average share price of $41.01 per share and the total transaction amounting to $5,387,975.82. View SEC Filing
  • On 1/25/2017 Ascribe Capital Llc, Major Shareholder, sold 29,900 with an average share price of $41.64 per share and the total transaction amounting to $1,245,036.00. View SEC Filing

Recent Trading Activity for Basic Energy Services (NYSE:BAS)
Shares of Basic Energy Services closed the previous trading session at 27.45 down -0.59 -2.10% with 488,880 shares trading hands.