Zacks Rating on Basic Energy Services (BAS)

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) : The highest short term price target forecast on Basic Energy Services (BAS) is $2 and the lowest target price is $1. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $1.13 with a standard deviation of $0.44.


Basic Energy Services, Inc. has lost 9.78% in the last five trading days and dropped 31.59% in the last 4 weeks. Basic Energy Services, Inc. has dropped 68.24% during the last 3-month period . Year-to-Date the stock performance stands at -76.77%. Basic Energy Services (NYSE:BAS): On Tuesdays trading session , Opening price of the stock was $0.6399 with an intraday high of $0.6401. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.6001. However, the stock managed to close at $0.6225, a loss of 4.23% for the day. On the previous day, the stock had closed at $0.65. The total traded volume of the day was 2,039,076 shares.

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.

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