News stories about Basic Energy Services (NYSE:BAS) have trended positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Basic Energy Services earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.1875363019295 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
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Basic Energy Services to Present at the Stephens Energy Summit (finance.yahoo.com) Blog Exposure – Matrix Service Secures Full EPC Contract by Oil Company for Expansion of Crude Oil Storage and Loading Capabilities (finance.yahoo.com) Form DEFA14A BASIC ENERGY SERVICES (streetinsider.com) Basic Energy Services BAS (fool.com) William Timothy Dame Sells 11,878 Shares of Basic Energy Services, Inc. (BAS) Stock (americanbankingnews.com)
Several equities analysts have recently weighed in on the company. ValuEngine upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Piper Jaffray upgraded Basic Energy Services from a “neutral” rating to an “overweight” rating and set a $12.72 price objective for the company in a report on Monday, May 7th. Zacks Investment Research cut Basic Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, May 1st. Finally, Seaport Global Securities restated a “buy” rating and issued a $40.00 price objective on shares of Basic Energy Services in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $23.53.
Shares of NYSE BAS traded up $1.02 during mid-day trading on Thursday, hitting $16.02. The company had a trading volume of 464,648 shares, compared to its average volume of 506,302. The stock has a market capitalization of $389.38 million, a price-to-earnings ratio of -6.88 and a beta of 2.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.55 and a quick ratio of 1.36. Basic Energy Services has a one year low of $14.72 and a one year high of $15.04.
Basic Energy Services (NYSE:BAS) last posted its quarterly earnings results on Thursday, May 3rd. The oil and gas company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.21). Basic Energy Services had a negative return on equity of 17.01% and a negative net margin of 9.66%. The business had revenue of $234.67 million for the quarter. sell-side analysts expect that Basic Energy Services will post -1.39 EPS for the current year.
In related news, insider Thomas Monroe Patterson sold 1,500 shares of Basic Energy Services stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $16.81, for a total transaction of $25,215.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Timothy Dame sold 11,878 shares of Basic Energy Services stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $15.15, for a total value of $179,951.70. Following the transaction, the vice president now owns 11,877 shares of the company’s stock, valued at approximately $179,936.55. The disclosure for this sale can be found here. Insiders have sold 17,278 shares of company stock valued at $263,532 in the last quarter. 1.95% of the stock is currently owned by corporate insiders.
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.