The President and CEO of Basic Energy Services, Inc (NYSE: BAS) is Buying Shares

Today, the President and CEO of Basic Energy Services, Inc (NYSE: BAS), Thomas Monroe Patterson, bought shares of BAS for $64.75k.

Thomas Monroe Patterson increased his holding by 2.58% to a total of $6.80. In addition to Thomas Monroe Patterson, 2 other BAS executives reported Buy trades in the last month.

The company has a one year high of $24.73 and a one year low of $4.83. Currently, Basic Energy Services has an average volume of 7.35M.

Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $8.67, reflecting a -50.7% downside. 11 different firms, including CapitalOne and Cowen & Co., currently also have a Buy rating on the stock.

Looking at blogger coverage of BAS, there is a 80% Bullish tendency on the stock, in relation to a 71% average bullish tendency within the Materials sector.

Over the last 3 months, the insider sentiment on Basic Energy Services has been neutral based on 70 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Basic Energy Services Inc provides well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling in the United States.