Barclays Reiterates “Equal Weight” Rating for Basic Energy Services (BAS)
Basic Energy Services (NYSE:BAS)‘s stock had its “equal weight” rating restated by equities researchers at Barclays in a research report issued on Friday, American Banking News reports. They currently have a $27.00 target price on the stock, up from their previous target price of $23.00. Barclays’ price objective points to a potential downside of 4.59% from the company’s current price.
Basic Energy Services (NYSE:BAS) traded down 1.31% on Friday, hitting $27.93. The stock had a trading volume of 465,025 shares. Basic Energy Services has a 52-week low of $11.06 and a 52-week high of $28.83. The stock’s 50-day moving average is $25.26 and its 200-day moving average is $18.1. The company’s market cap is $1.121 billion.
Basic Energy Services (NYSE:BAS) last released its 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. Analysts expect that Basic Energy Services will post $0.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on BAS. Analysts at Imperial Capital reiterated an “outperform” rating on shares of Basic Energy Services in a research note on Wednesday, April 9th. They now have a $31.00 price target on the stock, up previously from $25.50. Separately, analysts at Jefferies Group downgraded shares of Basic Energy Services from a “hold” rating to an “underperform” rating in a research note on Tuesday, February 25th. They now have a $16.00 price target on the stock, up previously from $13.50. Finally, analysts at Wunderlich raised their price target on shares of Basic Energy Services from $10.00 to $19.00 in a research note on Monday, February 24th. They now have a “sell” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.75.
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.