Basic Energy Services (BAS) Shares are Down -6.32%

Basic Energy Services (BAS) : During the past 4 weeks, traders have been relatively bearish on Basic Energy Services (BAS), hence the stock is down -26.49% 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 -6.29% relative to the S&P 500. The 4-week change in the price of the stock is -26.21% and the stock has fallen -6.32% in the past 1 week.

Basic Energy Services, Inc. has dropped 68.12% during the last 3-month period . Year-to-Date the stock performance stands at -75.49%. The stock has recorded a 20-day Moving Average of 11.6% and the 50-Day Moving Average is 48.07%.


Basic Energy Services (NYSE:BAS): The stock opened at $0.70 on Friday but the bulls could not build on the opening and the stock topped out at $0.71 for the day. The stock traded down to $0.65 during the day, due to lack of any buying support eventually closed down at $0.66 with a loss of -4.80% for the day. The stock had closed at $0.69 on the previous day. The total traded volume was 1,104,996 shares.

Also, Macquarie upgrades its view on Basic Energy Services (NYSE:BAS) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. The rating by the firm was issued on August 9, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.