Brokerage firm Macquarie Upgrades its rating on Basic Energy Services Inc(NYSE:BAS). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Macquarie was issued on Aug 9, 2016.
In a different note, On Jul 25, 2016, iBERIA Capital Partners said it Downgrades its rating on Basic Energy Services Inc. The shares have been rated ‘Sector Perform’ by the firm. On Jul 25, 2016, Johnson Rice said it Downgrades its rating on Basic Energy Services Inc. The shares have been rated ‘Hold’ by the firm. On Jul 25, 2016, Johnson Rice said it Downgrades its rating on Basic Energy Services Inc. The shares have been rated ‘Hold’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on Basic Energy Services Inc. In the research note, the firm Lowers the price-target to $1.00 per share. The shares have been rated ‘Hold’ by the firm.
Basic Energy Services Inc (BAS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.16% or 0.0011 points. Due to strong positive momentum, the stock ended at $0.6934, which is also near the day’s high of $0.71. The stock began the session at $0.684 and the volume stood at 11,91,480 shares. The 52-week high of the shares is $5.5924 and the 52 week low is $0.61. The company has a current market capitalization of $30 M and it has 4,27,58,940 shares in outstanding.
Basic Energy Services Inc(BAS) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $120.00M. Analysts had an estimated revenue of $122.49M. Earnings per share were $-1.34. Analysts had estimated an EPS of $-1.40.
Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Eric Lannen (Vice President -Human Resource) purchased 4,200 shares at $2.35 per share price.Also, On Dec 16, 2015, Thomas Monroe Patterson (CEO) purchased 12,000 shares at $2.37 per share price.On Aug 27, 2015, Steven A Webster (director) purchased 86,600 shares at $3.46 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 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 2000 oil and gas companies. Its operating segments are Completion and Remedial Services Fluid Services Well Servicing and Contract Drilling.