Basic Energy Services (BAS) Scheduled to Post Quarterly Earnings on Thursday

Basic Energy Services (NYSE:BAS) is scheduled to release its earnings data after the market closes on Thursday, March 1st. Analysts expect Basic Energy Services to post earnings of ($0.40) per share for the quarter.

Shares of Basic Energy Services (NYSE:BAS) opened at $19.10 on Thursday. The company has a market cap of $501.04 and a PE ratio of -3.00. Basic Energy Services has a 12 month low of $14.03 and a 12 month high of $42.79. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.76.

A number of research analysts have issued reports on BAS shares. ValuEngine lowered shares of Basic Energy Services from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Seaport Global Securities restated a “buy” rating and issued a $40.00 target price on shares of Basic Energy Services in a report on Thursday, January 18th. Zacks Investment Research upgraded shares of Basic Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Stephens started coverage on shares of Basic Energy Services in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $26.00 target price on the stock. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $24.50 target price on shares of Basic Energy Services in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $28.44.

In other Basic Energy Services news, major shareholder Ascribe Capital Llc sold 39,910 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $26.20, for a total value of $1,045,642.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Monroe Patterson sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $18.17, for a total transaction of $27,255.00. Following the completion of the transaction, the chief executive officer now owns 152,178 shares in the company, valued at $2,765,074.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,012,385 shares of company stock worth $24,349,741. 0.69% of the stock is owned by insiders.

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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.

Earnings History for Basic Energy Services (NYSE:BAS)

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