Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Basic Energy Services (BAS) Share Price
Media stories about Basic Energy Services (NYSE:BAS) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring 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 daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 44.7043672456374 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
BAS has been the subject of a number of research analyst reports. BidaskClub cut shares of Basic Energy Services from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. ValuEngine cut shares of Basic Energy Services from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Basic Energy Services from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a report on Monday, October 2nd. Deutsche Bank initiated coverage on shares of Basic Energy Services in a report on Tuesday, October 10th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $24.50 target price on shares of Basic Energy Services in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.92.
Shares of Basic Energy Services (NYSE:BAS) traded up $0.48 during trading on Wednesday, reaching $23.26. 207,000 shares of the company’s stock were exchanged, compared to its average volume of 563,607. Basic Energy Services has a 12 month low of $14.03 and a 12 month high of $44.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.42.
In other news, VP William Timothy Dame sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.58, for a total transaction of $58,950.00. Following the completion of the transaction, the vice president now directly owns 3,859 shares of the company’s stock, valued at approximately $90,995.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Monroe Patterson sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was 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. Over the last ninety days, insiders sold 891,307 shares of company stock valued at $20,234,960. 0.69% of the stock is currently owned by corporate insiders.
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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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