Basic Energy Services (BAS) has been under a strong bear grip, hence the stock is down -51.67% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.57% in the past 1 week. The stock has risen by 4.01% in the past week indicating that the buyers are active at lower levels, but the stock is down -50.47% in the past 4 weeks.
Basic Energy Services (NYSE:BAS): The stock opened at $0.81 on Friday but the bulls could not build on the opening and the stock topped out at $0.83 for the day. The stock traded down to $0.72 during the day, due to lack of any buying support eventually closed down at $0.73 with a loss of -2.93% for the day. The stock had closed at $0.75 on the previous day. The total traded volume was 1,741,506 shares.
The stock has recorded a 20-day Moving Average of 31.76% and the 50-Day Moving Average is 52.24%. Basic Energy Services, Inc. has dropped 73.03% during the last 3-month period . Year-to-Date the stock performance stands at -72.83%.
Basic Energy Services (BAS) : Average target price received by Basic Energy Services (BAS) is $1.13 with an expected standard deviation of $0.43. The most aggressive target on the stock is $2, whereas the most downbeat target is $1. 6 financial analysts are currently covering the stock.
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.