Press coverage about Basic Energy Services (NYSE:BAS) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Basic Energy Services earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.6583983260051 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Basic Energy Services, Inc. (BAS) Stock with Considerable Review with Margins And Returns (investingbizz.com)
- Should You Be Concerned About This Stock? Basic Energy Services, Inc. (BAS) (mostvolatilestocks.com)
- Basic Energy Services, Inc. (BAS) – Lookout Watch List stock (wallstreetmorning.com)
- Head to Head Analysis: FTS International (FTSI) vs. Basic Energy Services (BAS) (americanbankingnews.com)
- Zacks: Brokerages Anticipate Basic Energy Services, Inc. (BAS) to Post -$0.52 Earnings Per Share (americanbankingnews.com)
BAS has been the subject of a number of research analyst reports. Piper Jaffray set a $19.00 price objective on shares of Basic Energy Services and gave the stock a “hold” rating in a report on Sunday, April 1st. ValuEngine upgraded shares of Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Stephens began coverage on shares of Basic Energy Services in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $26.00 target price for the company. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Basic Energy Services in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.43.
Shares of BAS traded down $0.16 during trading hours on Friday, hitting $15.51. The company’s stock had a trading volume of 391,344 shares, compared to its average volume of 477,552. The company has a market capitalization of $409.71, a price-to-earnings ratio of -6.66 and a beta of 2.68. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.77. Basic Energy Services has a 52-week low of $12.72 and a 52-week high of $32.78.
Basic Energy Services (NYSE:BAS) last posted its earnings results on Monday, February 26th. The oil and gas company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.15). Basic Energy Services had a negative return on equity of 16.12% and a negative net margin of 11.19%. The business had revenue of $235.27 million during the quarter, compared to analysts’ expectations of $232.46 million. sell-side analysts expect that Basic Energy Services will post -0.68 earnings per share for the current fiscal year.
In other news, insider Thomas Monroe Patterson sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $16.81, for a total value of $25,215.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Point Capital L.P. sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $23.68, for a total transaction of $2,960,000.00. The disclosure for this sale can be found here. Insiders sold 316,400 shares of company stock valued at $7,480,424 over the last 90 days. 1.95% of the stock is owned by company insiders.
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.
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