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Equities researchers at Imperial Capital raised their price target on shares of Basic Energy Services (NYSE:BAS) from $20.00 to $25.50 in a research report issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s target price indicates a potential upside of 12.43% from the company’s current price.

In other Basic Energy Services news, VP Doug Rogers unloaded 2,000 shares of the stock on the open market in a transaction dated Thursday, February 20th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group raised their price target on shares of Basic Energy Services from $20.00 to $29.00 in a research note on Friday. Separately, 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. 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Basic Energy Services currently has an average rating of “Hold” and a consensus target price of $21.07.

Basic Energy Services (NYSE:BAS) opened at 22.68 on Friday. Basic Energy Services has a 1-year low of $11.06 and a 1-year 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 posted its quarterly 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.

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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