Basic Energy Services (NYSE:BAS) : During the past 4 weeks, traders have been relatively bearish on Basic Energy Services (NYSE:BAS), hence the stock is down -25.43% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -13.09% relative to the S&P 500. The 4-week change in the price of the stock is -24.23% and the stock has fallen -11.98% in the past 1 week.
The company shares have dropped -77.10% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $7.18 and the one year low was seen on Jul 7, 2016. The 50-Day Moving Average price is $1.83 and the 200 Day Moving Average price is recorded at $2.27.
The stock has recorded a 20-day Moving Average of 15.47% and the 50-Day Moving Average is 30.31%.
Basic Energy Services (NYSE:BAS): stock turned positive on Friday. Though the stock opened at $1.48, the bulls momentum made the stock top out at $1.54 level for the day. The stock recorded a low of $1.46 and closed the trading day at $1.47, in the green by 1.38%. The total traded volume for the day was 1,171,874. The stock had closed at $1.45 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Vice President -Human Resource) of Basic Energy Services Inc, Lannen Eric had purchased shares worth of $9,870 in a transaction dated on March 3, 2016. A total of 4,200 shares were purchased at a price of $2.35 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Basic Energy Services, Inc. provides a range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Companys operations are managed regionally and are concentrated in major United States onshore oil and natural gas producing regions located in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, Colorado, Utah, Montana, West Virginia, California, Ohio and Pennsylvania. Its operations are focused on liquids-rich basins, as well as natural gas-focused shale plays characterized by prolific reserves. It has a presence in the Permian Basin and the Bakken, Eagle Ford, Haynesville and Marcellus shales. It provides its services to around 2,000 oil and gas companies. Its operating segments are Completion and Remedial Services, Fluid Services, Well Servicing and Contract Drilling.