Basic Energy Services Receives Market Perform Rating from Cowen and Company (BAS)
Basic Energy Services (NYSE:BAS)‘s stock had its “market perform” rating restated by stock analysts at Cowen and Company in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Basic Energy Services (NYSE:BAS) opened at 12.32 on Wednesday. Basic Energy Services has a 52-week low of $8.85 and a 52-week high of $16.60. The stock’s 50-day moving average is $12.5 and its 200-day moving average is $12.91. The company’s market cap is $492.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Basic Energy Services in a research note to investors on Tuesday, September 3rd. They now have a $13.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Basic Energy Services from $12.00 to $14.00 in a research note to investors on Tuesday, September 3rd. They now have an “equal weight” rating on the stock. Finally, analysts at Howard Weil cut their price target on shares of Basic Energy Services from $21.00 to $16.00 in a research note to investors on Wednesday, August 28th. They now have a “sector perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.91.
Basic Energy Services, Inc provides a range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling.
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