-$0.57 EPS Expected for Basic Energy Services Inc (BAS) This Quarter

Share on StockTwits

Brokerages forecast that Basic Energy Services Inc (NYSE:BAS) will report earnings of ($0.57) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Basic Energy Services’ earnings. The lowest EPS estimate is ($0.62) and the highest is ($0.52). Basic Energy Services also reported earnings of ($0.57) per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that Basic Energy Services will report full-year earnings of ($1.94) per share for the current fiscal year, with EPS estimates ranging from ($2.16) to ($1.72). For the next year, analysts forecast that the business will report earnings of ($0.31) per share, with EPS estimates ranging from ($0.60) to $0.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Basic Energy Services.

Basic Energy Services (NYSE:BAS) last issued its earnings results on Thursday, May 3rd. The oil and gas company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.21). Basic Energy Services had a negative return on equity of 17.01% and a negative net margin of 9.66%. The firm had revenue of $234.67 million for the quarter.

A number of equities analysts have commented on BAS shares. ValuEngine raised shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Piper Jaffray Companies raised shares of Basic Energy Services from a “neutral” rating to an “overweight” rating and set a $12.72 target price on the stock in a research note on Monday, May 7th. Finally, Zacks Investment Research downgraded shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Basic Energy Services currently has a consensus rating of “Hold” and an average price target of $23.53.

Basic Energy Services traded down $0.20, reaching $11.11, during trading on Tuesday, MarketBeat.com reports. 875,653 shares of the stock were exchanged, compared to its average volume of 533,668. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.55 and a quick ratio of 1.36. Basic Energy Services has a 1 year low of $10.97 and a 1 year high of $29.58. The company has a market capitalization of $307.22 million, a PE ratio of -4.77 and a beta of 2.61.

In other news, VP William Timothy Dame sold 11,878 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $15.15, for a total value of $179,951.70. Following the sale, the vice president now directly owns 11,877 shares of the company’s stock, valued at approximately $179,936.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 17,278 shares of company stock worth $256,086 over the last three months. Insiders own 1.95% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. purchased a new stake in shares of Basic Energy Services in the 4th quarter valued at approximately $221,000. MetLife Investment Advisors LLC acquired a new position in shares of Basic Energy Services in the fourth quarter valued at approximately $221,000. Two Sigma Investments LP acquired a new position in shares of Basic Energy Services in the fourth quarter valued at approximately $239,000. Koch Industries Inc. acquired a new position in shares of Basic Energy Services in the first quarter valued at approximately $227,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Basic Energy Services by 56.1% in the fourth quarter. Alliancebernstein L.P. now owns 19,050 shares of the oil and gas company’s stock valued at $447,000 after purchasing an additional 6,850 shares in the last quarter.

Basic Energy Services Company Profile

Basic Energy Services, Inc provides well site services to oil and natural gas drilling and producing companies in the United States. Its 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.

Get a free copy of the Zacks research report on Basic Energy Services (BAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Basic Energy Services (NYSE:BAS)

Receive News & Ratings for Basic Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basic Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply