Insider Trading Activity in: Basic Energy Services, Inc. $BAS

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Basic Energy Services, Inc. (NYSE:BAS) insider have most recently took part in a trading activity. On Aug 30, 2017 Langford Samuel E., Director bought 2,000 shares having total worth of $28,400 at the price of $14.2 per share, following the transaction a total of 6,300 shares owned by Langford Samuel E..

The stock has experienced a total of 5 insider trades in the past three months. These trades include 2 sell activities and 3 buy trades. Furthermore, over the past 12 months , the stock was traded 52 times by insiders. In 49 of these trades, the insider was a seller while an employee of the company was the buyer in 3 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 2 -53.72%
12 Month 3 49 -99.2%

Shares of Basic Energy Services, Inc. (NYSE:BAS) traded down 2.87% on Aug 30, 2017, hitting $14.19. 200,740 shares of the company’s stock traded hands. Basic Energy Services, Inc. has a 52 week low of $14.19 and a 52 week high of $1828.57. The company’s market cap is $22 million.

Basic Energy Services, Inc. (NYSE:BAS) last announced its earnings results on Jul 27, 2017. The company reported -0.57 earnings per share (EPS) for the quarter, higher than the consensus estimate of -0.59 by $0.02. The company had revenue of $213 million for the quarter, compared to the consensus estimate of $217 million. During the same quarter in the previous year, the company posted -1.34 earnings per share. The company’s revenue for the quarter was up 78% on a year-over-year basis.

2017-07-27 2017-04-20 2017-03-23 2016-07-21 2016-04-20 2016-02-18 2015-10-22 2015-07-31 2015-04-23 2015-02-19
earnings per share -0.57 0.00 -1.18 -1.34 -1.32 -1.36 -1.26 -1.13 -0.81 0.11
Revenue(M) 213.3 0 155.53 120 130.36 161.04 189.25 193.6 261.72 400.91

Basic Energy Services, Inc. is a Delaware Corporation. The Company provides a range of well site services to oil and gas drilling and producing companies, including well servicing, fluid services and well site construction services, completion and remedial services and contract drilling. The Company’s operating segments are Well Servicing, Fluid Services, Completion and Remedial Services, and Contract Drilling. Well Servicing segment operates its fleet of 405 well servicing rigs and related equipment. This business segment encompasses a full range of services performed with a mobile well servicing rig, including the installation and removal of down hole equipment and elimination of obstructions in the well bore to facilitate the flow of oil and gas. These services are performed to establish, maintain and improve production throughout the productive life of an oil and gas well and to plug and abandon a well at the end of its productive life. The Company’s well servicing equipment and capabilities are essential to facilitate most other services performed on a well. Fluid Services segment utilizes its fleet of 791 fluid service trucks and related assets, including specialized tank trucks, storage tanks, water wells, disposal facilities, construction and other related equipment. These assets provide transport, store and dispose of a variety of fluids, as well as provide well site construction and maintenance services. These services are required in most work over, completion and remedial projects and are routinely used in daily producing well operations. Completion and Remedial Services segment currently operates its fleet of pressure pumping units, an array of specialized rental equipment and fishing tools, air compressor packages specially configured for underbalanced drilling operations, and cased-hole wire line units. The largest portion of this business segment consists of pressure pumping services focused on cementing, acidizing and fracturing services in niche markets. Contract Drilling operates nine drilling rigs and related equipment. It uses these assets to penetrate the earth to a desired depth and initiate production from a well. The Company’s competition includes small regional contractors as well as larger companies with international operations. The Company’s two key competitors are Key Energy Services, Inc. and Nabors Well Services Co. The Company’s operations are subject to stringent federal, state and local laws regulating the discharge of materials into the environment or otherwise relating to health and safety or the protection of the environment.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.