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Equities research analysts at Barclays increased their target price on shares of Basic Energy Services (NYSE:BAS) from $14.00 to $22.00 in a research note issued to investors on Friday, AR Network reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target points to a potential downside of 3.00% from the company’s current price.

In other Basic Energy Services news, VP Doug Rogers sold 2,000 shares of the company’s stock on the open market in a transaction dated Thursday, February 20th. The stock was sold at an average price of $21.00, for a total value of $42,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of 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 issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the 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.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Goldman Sachs downgraded shares of Basic Energy Services from a “conviction-buy” rating to a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Basic Energy Services presently has a consensus rating of “Hold” and a consensus price target of $21.07.

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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