Basic Energy Services Given New $29.00 Price Target at ISI Group (BAS)
Research analysts at ISI Group boosted their target price on shares of Basic Energy Services (NYSE:BAS) from $20.00 to $29.00 in a report released on Friday, AnalystRatingsNetwork reports. ISI Group’s price target would suggest a potential upside of 27.87% from the stock’s previous close.
A number of other firms have also recently commented on BAS. Analysts at Barclays raised their price target on shares of Basic Energy Services from $14.00 to $22.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Basic Energy Services in a research note on Tuesday, January 21st. They set an “outperform” rating and a $20.00 price target on the stock. Finally, analysts at Iberia Capital upgraded shares of Basic Energy Services from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.07.
Basic Energy Services (NYSE:BAS) opened at 22.68 on Friday. Basic Energy Services has a 52 week low of $11.06 and a 52 week high of $24.09. The stock’s 50-day moving average is $17.43 and its 200-day moving average is $14.64. The company’s market cap is $907.2 million.
Basic Energy Services (NYSE:BAS) last announced its earnings results on Wednesday, February 19th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.26) by $0.08. On average, analysts predict that Basic Energy Services will post $-0.07 earnings per share for the current fiscal year.
In other Basic Energy Services news, VP Doug Rogers sold 2,000 shares of Basic Energy Services stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $21.00, for a total transaction of $42,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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