Basic Energy Services Inc. (NYSE:BAS) is set to release its earnings data after the market closes on Thursday, October 20th. Analysts expect Basic Energy Services to post earnings of ($1.31) per share for the quarter.

Basic Energy Services (NYSE:BAS) last issued its earnings results on Thursday, July 21st. The company reported ($1.34) earnings per share for the quarter, topping the consensus estimate of ($1.38) by $0.04. Basic Energy Services had a negative return on equity of 380.17% and a negative net margin of 55.62%. On average, analysts expect Basic Energy Services to post $-5.27 EPS for the current fiscal year and $-4.05 EPS for the next fiscal year.

Earnings History for Basic Energy Services (NYSE:BAS)

Basic Energy Services Inc. (NYSE:BAS) opened at 0.6888 on Tuesday. The stock’s market capitalization is $28.15 million. Basic Energy Services Inc. has a 12 month low of $0.37 and a 12 month high of $4.57. The company has a 50 day moving average price of $0.61 and a 200 day moving average price of $1.47.

Several large investors have recently added to or reduced their stakes in BAS. Paloma Partners Management Co acquired a new stake in Basic Energy Services during the second quarter valued at about $260,000. Guggenheim Capital LLC raised its stake in Basic Energy Services by 10.6% in the second quarter. Guggenheim Capital LLC now owns 182,784 shares of the company’s stock valued at $307,000 after buying an additional 17,524 shares during the last quarter. Bridgeway Capital Management Inc. raised its stake in Basic Energy Services by 34.7% in the second quarter. Bridgeway Capital Management Inc. now owns 393,000 shares of the company’s stock valued at $660,000 after buying an additional 101,200 shares during the last quarter. KCG Holdings Inc. raised its stake in Basic Energy Services by 111.2% in the second quarter. KCG Holdings Inc. now owns 179,441 shares of the company’s stock valued at $301,000 after buying an additional 94,462 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Basic Energy Services by 4.1% in the second quarter. Principal Financial Group Inc. now owns 276,831 shares of the company’s stock valued at $465,000 after buying an additional 10,942 shares during the last quarter. 55.68% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on BAS shares. Deutsche Bank AG decreased their price target on shares of Basic Energy Services from $5.00 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Wunderlich decreased their price target on shares of Basic Energy Services from $2.00 to $1.00 and set a “hold” rating on the stock in a research report on Monday, July 25th. Johnson Rice lowered shares of Basic Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, Jefferies Group lifted their price target on shares of Basic Energy Services from $1.00 to $1.50 and gave the stock a “hold” rating in a research report on Monday, July 11th. Eighteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $2.68.

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.

5 Day Chart for NYSE:BAS

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