Basic Energy Services Inc. (BAS) Scheduled to Post Earnings on Thursday

Basic Energy Services Inc. (NYSE:BAS) will be issuing its quarterly earnings data after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of ($1.31) per share for the quarter.

Basic Energy Services (NYSE:BAS) last released its earnings results on Thursday, July 21st. The company reported ($1.34) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.38) by $0.04. Basic Energy Services had a negative net margin of 55.62% and a negative return on equity of 380.17%. On average, analysts expect Basic Energy Services to post $-5.27 EPS for the current fiscal year and $-4.05 EPS for the next fiscal year.

Earnings History for Basic Energy Services (NYSE:BAS)

Basic Energy Services Inc. (NYSE:BAS) opened at 0.6888 on Tuesday. Basic Energy Services Inc. has a 52-week low of $0.37 and a 52-week high of $4.57. The firm’s market cap is $28.15 million. The firm’s 50-day moving average is $0.61 and its 200-day moving average is $1.47.

Several equities research analysts have weighed in on the stock. Johnson Rice lowered shares of Basic Energy Services from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Jefferies Group increased their target price on shares of Basic Energy Services from $1.00 to $1.50 and gave the stock a “hold” rating in a report on Monday, July 11th. Deutsche Bank AG lowered their price objective on shares of Basic Energy Services from $5.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Iberia Capital downgraded shares of Basic Energy Services from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 25th. Finally, Wunderlich lowered their price objective on shares of Basic Energy Services from $2.00 to $1.00 and set a “hold” rating for the company in a research report on Monday, July 25th. Eighteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.68.

Hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management Inc. boosted its stake in Basic Energy Services by 34.7% in the second quarter. Bridgeway Capital Management Inc. now owns 393,000 shares of the company’s stock worth $660,000 after buying an additional 101,200 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Basic Energy Services by 4.1% in the second quarter. Principal Financial Group Inc. now owns 276,831 shares of the company’s stock worth $465,000 after buying an additional 10,942 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Basic Energy Services by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 191,316 shares of the company’s stock worth $321,000 after buying an additional 12,147 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Basic Energy Services by 10.6% in the second quarter. Guggenheim Capital LLC now owns 182,784 shares of the company’s stock worth $307,000 after buying an additional 17,524 shares in the last quarter. Finally, KCG Holdings Inc. boosted its stake in Basic Energy Services by 111.2% in the second quarter. KCG Holdings Inc. now owns 179,441 shares of the company’s stock worth $301,000 after buying an additional 94,462 shares in the last quarter. Institutional investors own 55.68% of the company’s stock.

About Basic Energy Services

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.

5 Day Chart for NYSE:BAS

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