Basic Energy Services, Inc. (BAS) Reaches $15.44 After 8.00% Down Move; Hutchin Hill Capital LP Lifted Cooper Cos (COO) Holding

April 17, 2018 - By Hazel Jackson

The Cooper Companies, Inc. (NYSE:COO) Logo

Hutchin Hill Capital Lp increased Cooper Cos Inc (COO) stake by 137.5% reported in 2017Q4 SEC filing. Hutchin Hill Capital Lp acquired 11,000 shares as Cooper Cos Inc (COO)’s stock rose 2.41%. The Hutchin Hill Capital Lp holds 19,000 shares with $4.14 million value, up from 8,000 last quarter. Cooper Cos Inc now has $11.12B valuation. The stock decreased 0.50% or $1.15 during the last trading session, reaching $226.85. About 209,539 shares traded. The Cooper Companies, Inc. (NYSE:COO) has risen 12.65% since April 17, 2017 and is uptrending. It has outperformed by 1.10% the S&P500.

The stock of Basic Energy Services, Inc. (NYSE:BAS) is a huge mover today! The stock decreased 0.77% or $0.12 during the last trading session, reaching $15.44. About 198,729 shares traded. Basic Energy Services, Inc. (NYSE:BAS) has declined 53.60% since April 17, 2017 and is downtrending. It has underperformed by 65.15% the S&P500.The move comes after 6 months negative chart setup for the $407.96 million company. It was reported on Apr, 17 by Barchart.com. We have $14.20 PT which if reached, will make NYSE:BAS worth $32.64M less.

Analysts await Basic Energy Services, Inc. (NYSE:BAS) to report earnings on May, 3 after the close. They expect $-0.52 EPS, up 40.23% or $0.35 from last year’s $-0.87 per share. After $-0.55 actual EPS reported by Basic Energy Services, Inc. for the previous quarter, Wall Street now forecasts -5.45% EPS growth.

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. The company has market cap of $407.96 million. The Company’s Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. It currently has negative earnings. This segment operates 281 pumping units; and 47 air compressor packages.

Among 20 analysts covering Basic Energy Services (NYSE:BAS), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. Basic Energy Services had 50 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Sector Outperform” rating on Monday, August 3 by Howard Weil. Credit Suisse maintained the shares of BAS in report on Monday, November 6 with “Neutral” rating. The firm has “Buy” rating by Seaport Global given on Wednesday, January 17. The stock of Basic Energy Services, Inc. (NYSE:BAS) has “In-Line” rating given on Monday, October 26 by Imperial Capital. The firm earned “Hold” rating on Thursday, October 12 by Piper Jaffray. The stock has “Hold” rating by Jefferies on Monday, July 11. The firm has “In-Line” rating by Imperial Capital given on Wednesday, September 30. The firm earned “Hold” rating on Sunday, April 1 by Piper Jaffray. On Monday, February 22 the stock rating was maintained by Howard Weil with “Sector Perform”. The firm has “Market Perform” rating by Compass Point given on Monday, February 22.

Investors sentiment increased to 1.38 in 2017 Q4. Its up 0.28, from 1.1 in 2017Q3. It increased, as 40 investors sold COO shares while 120 reduced holdings. 65 funds opened positions while 156 raised stakes. 46.60 million shares or 1.85% more from 45.75 million shares in 2017Q3 were reported. Glg Limited Company stated it has 4,575 shares. Sumitomo Life Insur Com holds 0.18% of its portfolio in The Cooper Companies, Inc. (NYSE:COO) for 6,454 shares. First Citizens Retail Bank reported 0.1% in The Cooper Companies, Inc. (NYSE:COO). British Columbia Inv Mgmt Corporation owns 21,374 shares or 0.03% of their US portfolio. State Of Alaska Department Of Revenue, Alaska-based fund reported 14,571 shares. Federated Investors Pa accumulated 0.12% or 188,827 shares. 378 are owned by Baldwin Brothers Ma. Franklin Resource holds 2,229 shares or 0% of its portfolio. 232,172 are held by Aqr Cap Mgmt Ltd Liability Corporation. Magnetar Ltd Limited Liability Company holds 0.04% of its portfolio in The Cooper Companies, Inc. (NYSE:COO) for 6,703 shares. Martin Currie Ltd holds 0.8% or 52,335 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested in 0.01% or 700 shares. Massachusetts-based Fmr Ltd Liability Com has invested 0.01% in The Cooper Companies, Inc. (NYSE:COO). Norinchukin Natl Bank The holds 3,914 shares or 0.01% of its portfolio. Everence Capital Mgmt owns 1,161 shares.

Among 16 analysts covering Cooper (NYSE:COO), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Cooper had 62 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 24 by Jefferies. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 31. The stock of The Cooper Companies, Inc. (NYSE:COO) earned “Hold” rating by Stephens on Friday, March 9. On Tuesday, August 22 the stock rating was maintained by Cleveland with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, July 18. The rating was maintained by BMO Capital Markets on Friday, September 2 with “Outperform”. The firm has “Overweight” rating by Piper Jaffray given on Friday, December 4. The firm has “Buy” rating given on Tuesday, September 12 by Robert W. Baird. On Thursday, August 17 the stock rating was maintained by Jefferies with “Buy”. KeyBanc Capital Markets upgraded it to “Sector Weight” rating and $200.0 target in Wednesday, August 26 report.

Since December 5, 2017, it had 0 insider purchases, and 10 selling transactions for $24.96 million activity. On Friday, January 5 RUBENSTEIN ALLAN E sold $115,025 worth of The Cooper Companies, Inc. (NYSE:COO) or 500 shares. PETERSMEYER GARY S also sold $179,812 worth of The Cooper Companies, Inc. (NYSE:COO) on Tuesday, December 5. WEISS ROBERT S sold 32,500 shares worth $7.30M. Shares for $380,147 were sold by KALKSTEIN MICHAEL on Wednesday, April 11. 13,362 shares valued at $3.26 million were sold by KAUFMAN CAROL R on Monday, March 12. ZINBERG STANLEY MD also sold $1.12 million worth of The Cooper Companies, Inc. (NYSE:COO) on Thursday, January 4. The insider BENDER A THOMAS sold $2.10 million.

Hutchin Hill Capital Lp decreased Trinet Group Inc (NYSE:TNET) stake by 44,500 shares to 5,400 valued at $239,000 in 2017Q4. It also reduced Spdr Series Trust (XRT) stake by 117,137 shares and now owns 18,241 shares. Kla (NASDAQ:KLAC) was reduced too.

The Cooper Companies, Inc. (NYSE:COO) Institutional Positions Chart

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