Basic Energy Services (BAS) : Zacks Investment Research ranks Basic Energy Services (BAS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.73, which indicates as a Hold.
Basic Energy Services (BAS) : Currently there are 6 street experts covering Basic Energy Services (BAS) stock. The most bullish and bearish price target for the stock is $2 and $1 respectively for the short term. The average price target of all the analysts comes to $1.13. The estimated standard deviation from the target is $0.44.
Company shares have received an average consensus rating of Hold for the current week Also, Macquarie upgrades its rating on Basic Energy Services (NYSE:BAS). Analysts at the Macquarie have a current rating of Neutral on the shares. The shares were previously rated Underperform. The rating by the firm was issued on August 9, 2016.
Basic Energy Services (NYSE:BAS): stock was range-bound between the intraday low of $0.41 and the intraday high of $0.4399 after having opened at $0.4201 on Wednesdays session. The stock finally closed in the red at $0.4201, a loss of -0.02%. The stock remained in the red for the whole trading day. The total traded volume was 1,306,256 shares. The stock failed to cross $0.4399 in Wednesdays trading. The stocks closing price on Thursday was $0.4101.
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.