Roe Patterson (Insider Trades), CEO and president of Basic Energy Services Inc. (BAS), bought 15,000 shares of the company on Aug. 19. The average price per share was $4.32, for a total transaction of $64,800. Basic Energy Services provides well site services essential to maintaining production from oil and gas wells. The company’s market cap is $176.49 million and P/S ratio is 0.14.
Patterson bought 22,800 shares of Basic Energy in four transactions, and 33,000 shares in 15 transactions since March 2011. Basic Energy Vice President, Controller, and CAO, Cody Bissett (Insider Trades), also bought 5,000 shares of the company at $4.28 per share on Aug. 19. On the same day, Basic Energy Directors Steven Webster (Insider Trades) and Thomas Moore (Insider Trades) bought 50,000 and 20,000 shares of the company at $4.21 and $4.28 per share, respectively. The number and volume of insider buys of Basic Energy Services decreased from 14 transactions of 448,570 shares in 2012, to two transactions of 13,500 shares in 2014. The number and volume of insider buys increased within the same period of time, from five insider sells of 22,500 shares in 2012, to 78 insider sells of 7,255,155 shares in 2014. For more information about insider transactions with Basic Energy Services Inc., click here. Continue Reading »