Continued Level of Significant Insider Selling at Basic Energy Services (BAS)

Wednesday, January 10, 2018 10:15 PM ET

Continued Level of Significant Insider Selling at Basic Energy Services (BAS)

There was a notable sale of shares of Basic Energy Services by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Ascribe Capital Llc, 10% Owner — sold 39,910 shares in the company having a market value of approximately $1,045,749. There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,423,284 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,463,194 shares and have averaged 162,577 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Basic Energy Services is greater than its 57-company peer group average. The Oil Related Services and Equipment peer group saw 82 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by Basic Energy Services insiders is lower than its peers. Within the peer group there were 487,829 shares purchased and 15,735,905 shares sold with company insiders disposing of 185,952 shares on average over this time period.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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