A report released today by Instinet about Basic Energy Services BAS (NYSE:BAS) raises the target price to $51.00
- Updated: April 20, 2017
Just yesterday Basic Energy Services BAS (NYSE:BAS) traded -0.62% lower at $30.59. Basic Energy Services BAS’s 50-day moving average is $33.40 and its two hundred day average is $36.78. With the last stock price close down -16.59% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same time. 1,055,778 shares of the stock were exchanged, up from an average trading volume of 631,627
In a report released on 4/20/2017 Instinet increased the stock price target of Basic Energy Services BAS (NYSE:BAS) to $51.00 indicating a possible upside of 0.67%.
Previously on 4/19/2017, Nomura reported on Basic Energy Services BAS (NYSE:BAS) increased the target price from $0.00 to $51.00. At the time, this indicated a possible upside of 0.54%.
Recent Performance Chart
Basic Energy Services BAS has 52 week low of $29.06 and a 52 week high of $44.81 and has a market cap of $0.
Also covering Basic Energy Services BAS's target, a total of 17 equity analysts have released a ratings update on BAS. The one year target is $2.30 with zero analysts rating the company a strong buy, 4 firms rating the stock a buy, 14 equity analysts rating the company a hold, two equity analysts rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Basic Energy Services BAS (NYSE:BAS)
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. The Company's operations are managed regionally and are concentrated in the United States onshore oil and natural gas producing regions located in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, Colorado, Utah, Montana, West Virginia, California, Ohio and Pennsylvania. Its operations are focused on liquids-rich basins, as well as natural gas-focused shale plays characterized by prolific reserves. It has a presence in the Permian Basin and the Bakken, Eagle Ford, Haynesville and Marcellus shales.
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