The VP, Contr & CAO of Basic Energy Services (NYSE: BAS) is Selling Shares

By Carrie Williams

Today, the VP, Contr & CAO of Basic Energy Services (NYSE: BAS), John Cody Bissett, sold shares of BAS for $128.7K.

Following John Cody Bissett’s last BAS Sell transaction on November 15, 2016, the stock climbed by 22.8%. In addition to John Cody Bissett, 9 other BAS executives reported Sell trades in the last month.

Based on Basic Energy Services’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $233 million and GAAP net loss of $13.85 million. In comparison, last year the company earned revenue of $142 million and had a GAAP net loss of $92.1 million. The company has a one-year high of $44.81 and a one-year low of $14.03. BAS’s market cap is $603.6M and the company has a P/E ratio of 60.27.

Five different firms, including Goldman Sachs and Imperial Capital, currently also have a Sell rating on the stock.

The insider sentiment on Basic Energy Services has been negative according to 77 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Basic Energy Services, Inc. engages in the provision of well site services to oil and natural gas drilling and producing companies. It operates its business through the following segments: Completion and Remedial Services, Fluid Services, Well Servicing, Contract Drilling, and Corporate and Other.