Basic Energy Services (BAS) Receiving Somewhat Positive News Coverage, Analysis Shows

Headlines about Basic Energy Services (NYSE:BAS) have trended somewhat positive on Thursday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Basic Energy Services earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.3682120475542 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Basic Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Basic Energy Services from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group raised their target price on shares of Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Evercore ISI reaffirmed an “outperform” rating and set a $19.00 target price on shares of Basic Energy Services in a research note on Tuesday, September 5th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Basic Energy Services in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Basic Energy Services has a consensus rating of “Hold” and a consensus price target of $26.92.

Shares of Basic Energy Services (NYSE BAS) traded up $0.57 on Thursday, hitting $21.67. 277,500 shares of the company traded hands, compared to its average volume of 578,995. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Basic Energy Services has a 12 month low of $14.03 and a 12 month high of $44.81.

In related news, VP John Cody Bissett sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $19.50, for a total transaction of $48,750.00. Following the completion of the sale, the vice president now owns 3,401 shares of the company’s stock, valued at $66,319.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Monroe Patterson sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $18.83, for a total transaction of $28,245.00. The disclosure for this sale can be found here. Insiders have sold 888,807 shares of company stock valued at $20,174,030 in the last three months. 11.10% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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