Basic Energy Services (BAS) : During the past 4 weeks, traders have been relatively bearish on Basic Energy Services (BAS), hence the stock is down -59.45% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -21.31% relative to the S&P 500. The 4-week change in the price of the stock is -58.08% and the stock has fallen -21.36% in the past 1 week.
The stock has recorded a 20-day Moving Average of 45.44% and the 50-Day Moving Average is 57.83%. Basic Energy Services, Inc. has dropped 78.13% during the last 3-month period . Year-to-Date the stock performance stands at -73.88%.
Basic Energy Services (NYSE:BAS): On Fridays trading session , Opening price of the stock was $0.7999 with an intraday high of $0.7999. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.7. However, the stock managed to close at $0.7, a loss of 12.28% for the day. On the previous day, the stock had closed at $0.798. The total traded volume of the day was 1,982,032 shares.
Also, iBERIA Capital Partners downgrades its rating on Basic Energy Services (NYSE:BAS). Analysts at the iBERIA Capital Partners have a current rating of Sector Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 25, 2016.
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.