Basic Energy Services Inc. Reaches New 12-Month High at $17.99 (BAS)
Basic Energy Services (NYSE:BAS)’s share price reached a new 52-week high during trading hours on Tuesday, AnalystRatingsNetwork reports. The company traded as high as $17.99 and last traded at $17.19, with a volume of 537,098 shares traded. The stock had previously closed at $17.25.
Several analysts have recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of Basic Energy Services in a research note to investors on Tuesday. They set an “outperform” rating and a $20.00 price target on the stock. Separately, analysts at Iberia Capital upgraded shares of Basic Energy Services from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 15th. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Basic Energy Services from a “conviction-buy” rating to a “buy” rating in a research note to investors on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.50.
Basic Energy Services has a 52-week low of $11.06 and a 52-week high of $17.40. The stock has a 50-day moving average of $15.18 and a 200-day moving average of $13.81. The company’s market cap is $681.2 million.
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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