Somewhat Favorable News Coverage Somewhat Unlikely to Affect Basic Energy Services (BAS) Share Price
Media stories about Basic Energy Services (NYSE:BAS) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Basic Energy Services earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.3737553802303 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Noteworthy Thursday Option Activity: VLO, BAS, OMER (nasdaq.com)
- Basic Energy Services, Inc. (BAS) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Basic Energy Services, Inc. (NYSE:BAS) Signals Intraday Volatility – Up $0.17 – First News 24 (firstnewspaper24.com)
- John Cody Bissett Sells 2,500 Shares of Basic Energy Services, Inc. (BAS) Stock (americanbankingnews.com)
- Energy Sector Update for 10/02/2017: BAS,AMID,LPI – Nasdaq (nasdaq.com)
Basic Energy Services (NYSE:BAS) traded down 6.27% during mid-day trading on Friday, hitting $18.53. The stock had a trading volume of 457,078 shares. Basic Energy Services has a 52 week low of $14.80 and a 52 week high of $44.75. The stock’s 50-day moving average is $17.54 and its 200 day moving average is $17.54. The company’s market capitalization is $457.02 million.
BAS has been the topic of a number of recent research reports. Zacks Investment Research downgraded Basic Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Basic Energy Services from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Seaport Global Securities downgraded Basic Energy Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Evercore ISI restated an “outperform” rating and issued a $19.00 target price on shares of Basic Energy Services in a research note on Tuesday, September 5th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $26.50 target price (down previously from $33.00) on shares of Basic Energy Services in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Basic Energy Services currently has an average rating of “Hold” and a consensus target price of $23.58.
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In related news, Director Timothy H. Day acquired 15,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $18.69 per share, for a total transaction of $280,350.00. Following the acquisition, the director now directly owns 20,200 shares of the company’s stock, valued at $377,538. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brett J. Taylor sold 7,857 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $18.07, for a total value of $141,975.99. The disclosure for this sale can be found here. In the last three months, insiders acquired 29,000 shares of company stock worth $509,990 and sold 13,657 shares worth $241,075. Company insiders own 11.10% of the company’s stock.
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.
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