Short Term Rating on Basic Energy Services (BAS)

Basic Energy Services (BAS) has an average broker rating of 2.79, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Basic Energy Services (BAS) : The highest level Basic Energy Services (BAS) is projected to reach is $5 for the short term and the lowest estimate is at $1. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $2.48 and the possibility the share price can swing is $1.1.

Company shares have received an average consensus rating of Hold for the current week


Basic Energy Services (NYSE:BAS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.41 and $1.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.41, notching a gain of 3.68% for the day. The total traded volume was 2,027,982 . The stock had closed at $1.36 on the previous day.

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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