Basic Energy Services (BAS) to Release Earnings on Thursday
Basic Energy Services (NYSE:BAS) is set to release its Q114 earnings data on Thursday, April 24th. Analysts expect Basic Energy Services to post earnings of ($0.09) per share and revenue of $328.04 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Basic Energy Services (NYSE:BAS) last released its earnings data on Wednesday, February 19th. The company reported ($0.18) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.26) by $0.08. On average, analysts expect Basic Energy Services to post $0.21 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.
Basic Energy Services (NYSE:BAS) opened at 29.17 on Wednesday. Basic Energy Services has a 52 week low of $11.06 and a 52 week high of $29.34. The stock’s 50-day moving average is $25.9 and its 200-day moving average is $18.64. The company’s market cap is $1.171 billion.
A number of research firms have recently commented on BAS. Analysts at Wunderlich upgraded shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 15th. They now have a $27.00 price target on the stock, up previously from $19.00. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Basic Energy Services in a research note on Monday, April 14th. They now have a $32.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Basic Energy Services in a research note on Friday, April 11th. They now have a $27.00 price target on the stock, up previously from $23.00. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.25.
In other Basic Energy Services news, CAO John Cody Bissett sold 1,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $27.62, for a total value of $27,620.00. Following the sale, the chief accounting officer now directly owns 51,025 shares in the company, valued at approximately $1,409,311. The sale was disclosed in a document filed with the SEC, which is available at 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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