Equities research analysts expect that Basic Energy Services, Inc. (NYSE:BAS) will post earnings per share (EPS) of ($0.61) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Basic Energy Services’ earnings. Basic Energy Services reported earnings of ($744.44) per share in the same quarter last year, which would suggest a positive year over year growth rate of 99.9%. The business is scheduled to announce its next earnings results after the market closes on Thursday, July 27th.

According to Zacks, analysts expect that Basic Energy Services will report full year earnings of ($1.86) per share for the current year, with EPS estimates ranging from ($1.99) to ($1.72). For the next financial year, analysts expect that the firm will report earnings of $0.23 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Basic Energy Services.

BAS has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of Basic Energy Services in a research note on Friday. They issued a “neutral” rating for the company. Seaport Global Securities upgraded shares of Basic Energy Services from a “neutral” rating to a “buy” rating in a research note on Thursday, March 30th. Zacks Investment Research lowered shares of Basic Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Instinet reiterated a “buy” rating on shares of Basic Energy Services in a research note on Wednesday, April 19th. Finally, Nomura initiated coverage on shares of Basic Energy Services in a research note on Wednesday, April 19th. They issued a “buy” rating and a $51.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.20.

Basic Energy Services (BAS) opened at 27.45 on Monday. The firm’s market cap is $713.67 million. The stock has a 50 day moving average of $25.33 and a 200 day moving average of $32.10. Basic Energy Services has a 12-month low of $19.79 and a 12-month high of $44.81.

A number of hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC acquired a new stake in Basic Energy Services during the first quarter valued at about $215,000. Wells Fargo & Company MN increased its stake in Basic Energy Services by 393.2% in the first quarter. Wells Fargo & Company MN now owns 7,152 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 5,702 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Basic Energy Services during the fourth quarter valued at about $243,000. Dynamic Technology Lab Private Ltd acquired a new stake in Basic Energy Services during the first quarter valued at about $323,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Basic Energy Services during the fourth quarter valued at about $354,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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Basic Energy Services Company Profile

Basic Energy Services, Inc provides a range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Company operates through the segment, which include Completion and Remedial Services, Fluid Services, Well Servicing and Contract Drilling.

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Earnings History and Estimates for Basic Energy Services (NYSE:BAS)

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