Basic Energy Services

Scott Levine of Imperial Capital slashed his price target of Basic Energy Services, Inc (NYSE: BAS) on Wednesday to $14.50 from a previous $23, while maintaining an Outperform rating. “We believe Basic Energy Services is positioned to benefit from a recovery in U.S. onshore E&P activity, given...

Insiders may sell shares for any number of reasons, but there is really only one reason insiders buy shares of a company -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have faith in a company...

Pritchard Capital provided color on the oil sector. In a research report published today, Pritchard states, “The Oil Service Index (OSX-269.67) advanced 8.4% last week to outperform the S&P 500 (1,339.67) by 280 basis points. Oil service shares, at least within our coverage universe, largely...

According to Jefferies, Basic Energy Services (NYSE: BAS) reported 1Q EPS of $0.20, blowing away its estimate of $0.05 and FC of $0.03 driven primarily by higher revenues in the Completion & Remedial segment and secondarily by higher margins in the Well Servicing segment. Jefferies said that...

Goldman Sachs has reported that it is upgrading Basic Energy Services (NYSE: BAS) from Sell to a Neutral Rating. According to Goldman Sachs, “We upgrade BAS to Neural from Sell and raise our six-month, EBITDA-based price target to $24 from $18 to reflect higher estimates and an M&A...

Goldman Sachs has reported that it is upgrading Basic Energy Services (NYSE: BAS) from Sell to a Neutral Rating. According to Goldman Sachs, “We upgrade BAS to Neural from Sell and raise our six-month, EBITDA-based price target to $24 from $18 to reflect higher estimates and an M&A...