Brokerage Firm Rating on Basic Energy Services (BAS)

Basic Energy Services (BAS) : Zacks Investment Research ranks Basic Energy Services (BAS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.77, which indicates as a Hold.

Basic Energy Services (BAS) : 6 Wall Street analysts covering Basic Energy Services (BAS) believe that the average level the stock could reach for the short term is $1.13. The maximum price target given is $2 and the minimum target for short term is around $1, hence the standard deviation is calculated at $0.43.


Company shares have received an average consensus rating of Hold for the current week Basic Energy Services (NYSE:BAS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.70 and $0.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.72, notching a gain of 2.94% for the day. The total traded volume was 1,037,471 . The stock had closed at $0.70 on the previous day.

In a related news, 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.

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