Basic Energy Services (NYSE:BAS): The stock price is expected to reach $ 2.63 in the short term. The number of analysts agreeing with this consensus is 10. The higher estimate for the short term price target is at $5 while the lower estimate is at $2. The standard deviation of the price stands at $0.97.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Raymond James upgrades its outlook on Basic Energy Services (NYSE:BAS). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on April 22, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, Lannen Eric, officer (Vice President -Human Resource) of Basic Energy Services Inc had purchased 4,200 shares on March 3, 2016 in a transaction. The price per share was $2.35 and the total amount of the disclosed transaction was $9,870.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Basic Energy Services (NYSE:BAS) : On Monday heightened volatility was witnessed in Basic Energy Services (NYSE:BAS) which led to swings in the share price. The stock opened for trading at $1.93 and hit $2.04 on the upside , eventually ending the session at $1.97, with a gain of 1.55% or 0.03 points. The heightened volatility saw the trading volume jump to 929,424 shares. The 52-week high of the share price is $8.27 and the company has a market cap of $84 million. The 52-week low of the share price is at $1.52 .
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.