Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.