Basic Energy Services, Inc. (BAS) Declines to All-Time Low

June 29, 2018 - By Eric Painter

Today, Jun, 29 Basic Energy Services, Inc. (NYSE:BAS) with $11.14 price per share, hit all time low. $10.80 target or 3.00 % below is our PT. Barchart.com posted the all time low. Basic Energy Services, Inc. (NYSE:BAS) has $294.21 million MC. At our $10.80 target, the company worth will be $8.83 million less.

BAS touched $11.135 during the last trading session after $0.175 change.Basic Energy Services, Inc. has volume of 448,797 shares. Since June 29, 2017 BAS has declined 52.45% and is downtrending. The stock underperformed the S&P 500 by 65.02%.

Investors expect Basic Energy Services, Inc. (NYSE:BAS)’s quarterly earnings on July, 26., as reported by Faxor. Analysts forecast 5.26 % diference or $-0.54 from the $-0.57 EPS from 2017. -37.93 % EPS growth is what Wall Street’s forecasts after $-0.87 reported EPS last quarter.

Basic Energy Services, Inc. (NYSE:BAS) Ratings Coverage

In total 4 analysts cover Basic Energy Servs (NYSE:BAS). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. 75% are bullish. 5 are the (NYSE:BAS)’s analyst reports since January 10, 2018 according to StockzIntelligence Inc. In Sunday, April 1 report Piper Jaffray maintained the stock with “Hold” rating. On Wednesday, January 17 the stock of Basic Energy Services, Inc. (NYSE:BAS) has “Buy” rating given by Seaport Global. On Monday, May 7 the stock of Basic Energy Services, Inc. (NYSE:BAS) earned “Overweight” rating by PiperJaffray. On Monday, May 7 the stock of Basic Energy Services, Inc. (NYSE:BAS) earned “Buy” rating by Piper Jaffray.

There’s a substantial Basic Energy Services, Inc. (NYSE:BAS) news announced by Nasdaq.com. It’s an article titled: “Recent Analysis Shows Cigna, Basic Energy Services, KalVista Pharmaceuticals, QuinStreet, Armstrong World …” on June 25, 2018.

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States.The firm is worth $294.21 million. The Company’s Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.Currently it has negative earnings. This segment operates 281 pumping units; and 47 air compressor packages.

Basic Energy Services, Inc. (NYSE:BAS) Analyst Ratings Chart

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