Basic Energy Services Inc. (NYSE:BAS) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock. Sixteen equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $2.09.

A number of brokerages have recently commented on BAS. BMO Capital Markets reiterated a “hold” rating on shares of Basic Energy Services in a research report on Tuesday, August 9th. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Deutsche Bank AG downgraded Basic Energy Services from a “buy” rating to a “hold” rating and set a $2.00 price objective for the company. in a research report on Thursday, November 10th. Iberia Capital downgraded Basic Energy Services from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 25th. Finally, Wunderlich cut their price objective on Basic Energy Services from $2.00 to $1.00 and set a “hold” rating for the company in a research report on Monday, July 25th.

Shares of Basic Energy Services (NYSE:BAS) opened at 0.3498 on Thursday. The stock’s market cap is $14.30 million. Basic Energy Services has a 52-week low of $0.30 and a 52-week high of $4.26. The firm’s 50-day moving average price is $0.57 and its 200-day moving average price is $1.17.

Several large investors have recently modified their holdings of the stock. Royce & Associates LP increased its stake in shares of Basic Energy Services by 12.0% in the second quarter. Royce & Associates LP now owns 140,000 shares of the company’s stock valued at $235,000 after buying an additional 15,000 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Basic Energy Services during the second quarter valued at about $260,000. KCG Holdings Inc. increased its stake in shares of 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 in the last quarter. Guggenheim Capital LLC increased its stake in shares of 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Basic Energy Services by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 191,316 shares of the company’s stock valued at $321,000 after buying an additional 12,147 shares in the last quarter. 51.84% of the stock is currently owned by institutional investors.

Basic Energy Services Company Profile

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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