Basic Energy Services (BAS) Earns Daily News Impact Score of 0.20
Media coverage about Basic Energy Services (NYSE:BAS) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Basic Energy Services earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 42.9588541235135 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Basic Energy Services, Inc. (BAS) VP Eric Lannen Sells 2,608 Shares (americanbankingnews.com)
- Basic Energy Services, Inc. (BAS) SVP Sells $117,850.00 in Stock (americanbankingnews.com)
- Basic Energy Services, Inc. (BAS) CAO John Cody Bissett Sells 5,500 Shares (americanbankingnews.com)
- Insider Selling: Basic Energy Services, Inc. (BAS) VP Sells 2,608 Shares of Stock (americanbankingnews.com)
- Insider Selling: Basic Energy Services, Inc. (BAS) CAO Sells 5,500 Shares of Stock (americanbankingnews.com)
Basic Energy Services (BAS) opened at $23.47 on Tuesday. The stock has a market capitalization of $610.88, a PE ratio of -3.60 and a beta of 2.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59. Basic Energy Services has a 12 month low of $14.03 and a 12 month high of $44.81.
BAS has been the subject of a number of research analyst reports. Seaport Global Securities raised Basic Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, October 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.50 target price on shares of Basic Energy Services in a research report on Friday, September 8th. Deutsche Bank initiated coverage on Basic Energy Services in a research report on Tuesday, October 10th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Credit Suisse Group boosted their target price on Basic Energy Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.92.
In other Basic Energy Services news, CAO John Cody Bissett sold 5,500 shares of Basic Energy Services stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $23.40, for a total transaction of $128,700.00. Following the completion of the transaction, the chief accounting officer now owns 3,749 shares in the company, valued at approximately $87,726.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James F. Newman sold 5,000 shares of Basic Energy Services stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $23.57, for a total value of $117,850.00. Following the transaction, the senior vice president now owns 29,753 shares of the company’s stock, valued at approximately $701,278.21. The disclosure for this sale can be found here. Insiders have sold a total of 1,465,382 shares of company stock valued at $33,963,210 in the last quarter. Company insiders own 0.69% of the company’s stock.
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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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