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, June 26, 2014, 40 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $260.00 to $24,985,402.80.
Highlighted Stocks Traded by Insiders:
Krenek Alan, who is SVP, CFO, Secretary, Treasurer at Basic Energy Services, sold 1,000 shares at $26.49 on June 26, 2014. Following this transaction, the SVP, CFO, Secretary, Treasurer owned 161,998 shares meaning that the stake was reduced by 0.61% with the 1,000-share transaction.
The shares most recently traded at $27.97, up $1.48, or 5.28% since the insider transaction. Historical insider transactions for Basic Energy Services go as follows:
- 4-Week # shares sold: 73,000
- 12-Week # shares sold: 148,000
- 24-Week # shares bought: 15,800
- 24-Week # shares sold: 511,153
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 $1.2 billion and is part of the basic materials sector and energy industry. Shares are up 76.24% 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 4 analysts who rate Basic Energy Services a buy, 1 analyst rates it a sell, and 7 rate it a hold.
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 disappointing return on equity, poor profit margins and generally higher debt management risk. Get the full Basic Energy Services Ratings Report from TheStreet Quant Ratings now.