Basic Energy Services (NYSE:BAS) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.79 by 14 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 12 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Raymond James upgrades its rating on Basic Energy Services (NYSE:BAS).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on April 22, 2016.
Basic Energy Services (NYSE:BAS) stock has received a short term price target of $ 2.63 from 10 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $0.97. The higher estimate of target price is $5 , while the lower price target estimate is $2
Basic Energy Services (NYSE:BAS) rose 1.61% or 0.03 points on Tuesday and made its way into the gainers of the day. After trading began at $1.87 the stock was seen hitting $1.9 as a peak level and $1.81 as the lowest level. The stock ended up at $1.89. The daily volume was measured at 910,194 shares. The 52-week high of the share price is $7.9 and the 52-week low is $1.52. The company has a market cap of $81 million.
Basic Energy Services, Inc. has lost 4.55% in the last five trading days and dropped 8.25% in the last 4 weeks. Basic Energy Services, Inc. has dropped 39.42% during the last 3-month period . Year-to-Date the stock performance stands at -29.48%.
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.