Basic Energy Services (BAS) : 12 analysts are covering Basic Energy Services (BAS) and their average rating on the stock is 2.75, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Basic Energy Services (BAS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Basic Energy Services (BAS) : 6 investment research analysts covering Basic Energy Services (BAS) have an average price target of $1.13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $2 and the lowest target is $1 for the short term. Analysts expect the variance to be within $0.43 of the average price.
Company shares have received an average consensus rating of Hold for the current week
Basic Energy Services (NYSE:BAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.65 and $0.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.67, notching a gain of 3.63% for the day. The total traded volume was 1,261,805 . The stock had closed at $0.65 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.