Basic Energy Services, Inc. (BAS) Scheduled to Post Quarterly Earnings on Tuesday
Basic Energy Services, Inc. (NYSE:BAS) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.35) per share for the quarter.
Basic Energy Services, Inc. (NYSE BAS) opened at 17.92 on Tuesday. The firm’s market cap is $441.98 million. Basic Energy Services, Inc. has a one year low of $14.03 and a one year high of $44.81. The stock’s 50 day moving average is $17.65 and its 200 day moving average is $17.65.
Several equities research analysts have recently commented on BAS shares. BidaskClub raised shares of Basic Energy Services from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Basic Energy Services from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.50 target price on shares of Basic Energy Services in a research report on Friday, September 8th. Deutsche Bank AG started coverage on shares of Basic Energy Services in a research report on Tuesday, October 10th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Credit Suisse Group started coverage on shares of Basic Energy Services in a research report on Friday, July 21st. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Basic Energy Services has a consensus rating of “Hold” and an average target price of $26.92.
In other Basic Energy Services news, Director Timothy H. Day purchased 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $18.69 per share, with a total value of $280,350.00. Following the transaction, the director now directly owns 20,200 shares in the company, valued at approximately $377,538. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $18.83, for a total transaction of $28,245.00. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 29,000 shares of company stock valued at $509,990 and have sold 15,457 shares valued at $274,933. Company insiders own 11.10% of the company’s stock.
About Basic Energy Services
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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