Insider Trading Alert - BAS, MKL And FLT Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, March 6, 2014, 101 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $393.74 to $268,715,620.68.

Highlighted Stocks Traded by Insiders:

Basic Energy Services (BAS) - FREE Research Report

Newman James F. who is SVP, Region Operations at Basic Energy Services sold 7,500 shares at $23.97 on March 6, 2014. Following this transaction, the SVP, Region Operations owned 124,265 shares meaning that the stake was reduced by 5.69% with the 7,500-share transaction.

The shares most recently traded at $23.03, down $0.94, or 4.07% since the insider transaction. Historical insider transactions for Basic Energy Services go as follows:

  • 4-Week # shares sold: 201,476
  • 12-Week # shares sold: 205,476
  • 24-Week # shares bought: 15,800
  • 24-Week # shares sold: 242,652

The average volume for Basic Energy Services has been 1.1 million shares per day over the past 30 days. Basic Energy Services has a market cap of $1.0 billion and is part of the basic materials sector and energy industry. Shares are up 49.43% year-to-date as of the close of trading on Thursday.

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Currently there are 3 analysts that rate Basic Energy Services a buy, 2 analysts rate it a sell, and 6 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on BAS - FREE

TheStreet Quant Ratings rates Basic Energy Services as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity. Get the full Basic Energy Services Ratings Report from TheStreet Quant Ratings now.

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