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SunTrust upped their price target on shares of Basic Energy Services (NYSE:BAS) from $30.00 to $35.00 in a research note issued on Monday, AnalystRatingsNetwork reports. SunTrust’s price objective indicates a potential upside of 34.36% from the stock’s previous close.

In other Basic Energy Services news, Director Kenneth V. Huseman sold 70,000 shares of the company’s stock on the open market in a transaction dated Thursday, May 1st. The stock was sold at an average price of $25.72, for a total value of $1,800,400.00. 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 26.05 on Monday. Basic Energy Services has a 1-year low of $11.06 and a 1-year high of $29.61. The stock has a 50-day moving average of $26.58 and a 200-day moving average of $19.36. The company’s market cap is $1.066 billion.

Basic Energy Services (NYSE:BAS) last released its earnings data on Thursday, April 24th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.04. The company had revenue of $336.76 million for the quarter, compared to the consensus estimate of $328.04 million. During the same quarter last year, the company posted ($0.21) earnings per share. Basic Energy Services’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Basic Energy Services will post $0.30 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on BAS. Analysts at Cowen and Company raised their price target on shares of Basic Energy Services from $20.00 to $23.00 in a research note on Monday, April 28th. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Basic Energy Services from $18.00 to $20.00 in a research note on Monday, April 28th. They now have an “underperform” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Basic Energy Services from $29.00 to $32.00 in a research note on Monday, April 28th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Basic Energy Services has a consensus rating of “Hold” and a consensus price target of $28.67.

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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