A number of stock research firms have changed their ratings and price targets for Basic Energy Services (NYSE: BAS) during the last seven days:
- Basic Energy Services was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $21.00 price target on the stock, up previously from $11.00.
- Basic Energy Services had its price target raised by analysts at Wunderlich from $9.00 to $13.00. They now have a “hold” rating on the stock.
- Basic Energy Services had its price target raised by analysts at MLV Capital from $16.00 to $17.00. They now have a “hold” rating on the stock.
- Basic Energy Services had its price target raised by analysts at Jefferies Group from $10.00 to $14.50.
- Basic Energy Services was downgraded by analysts at Capital One to a “neutral” rating.
Basic Energy Services traded up 4.50% on Wednesday, hitting $14.18. Basic Energy Services has a 1-year low of $8.52 and a 1-year high of $20.89. The stock’s 50-day moving average is currently $13.35. The company has a market cap of $568.2 million and a price-to-earnings ratio of 26.61.
Basic Energy Services, Inc. provides a range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling.