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Basic Energy Services (NYSE:BAS) reached a new 52-week high on Monday , American Banking and Market News reports. The company traded as high as $18.35 and last traded at $18.07, with a volume of 829,046 shares. The stock had previously closed at $17.76.

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, January 21st. 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 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 given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.50.

The stock has a 50-day moving average of $16.24 and a 200-day moving average of $14.14. The company’s market cap is $734.8 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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