Several analysts have recently updated their ratings and price targets for Basic Energy Services (NYSE: BAS):

  • 8/1/2017 – Basic Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Basic Energy Services provides a range of services to America’s oil and gas producers. Its operations span the heartland of domestic onshore production from Texas, Oklahoma, Louisiana and New Mexico to the Rocky Mountain states . Its services support the entire life cycle of a well – from drilling to production and finally – abandonment. They are committed to providing a safe and rewarding workplace, giving its customers the value they expect and doing our part to support a strong and viable oil and gas industry. “
  • 7/28/2017 – Basic Energy Services was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Basic Energy Services had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 7/26/2017 – Basic Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Basic Energy Services provides a range of services to America’s oil and gas producers. Its operations span the heartland of domestic onshore production from Texas, Oklahoma, Louisiana and New Mexico to the Rocky Mountain states . Its services support the entire life cycle of a well – from drilling to production and finally – abandonment. They are committed to providing a safe and rewarding workplace, giving its customers the value they expect and doing our part to support a strong and viable oil and gas industry. “
  • 7/21/2017 – Basic Energy Services is now covered by analysts at Credit Suisse Group. They set a “neutral” rating on the stock.
  • 7/19/2017 – Basic Energy Services was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/12/2017 – Basic Energy Services had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $26.50 price target on the stock, down previously from $33.00.
  • 6/21/2017 – Basic Energy Services was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating.

Basic Energy Services, Inc. (NYSE BAS) traded down 10.69% during trading on Monday, hitting $18.47. The company had a trading volume of 612,763 shares. The company’s market cap is $455.54 million. The company’s 50 day moving average price is $25.17 and its 200-day moving average price is $31.47. Basic Energy Services, Inc. has a 12 month low of $18.09 and a 12 month high of $44.81.

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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