Basic Energy Services (BAS) Earning Somewhat Favorable Media Coverage, Report Finds

Headlines about Basic Energy Services (NYSE:BAS) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Basic Energy Services earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.2566142923808 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

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Several analysts recently issued reports on the stock. Stephens assumed coverage on shares of Basic Energy Services in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $26.00 target price for the company. Seaport Global Securities restated a “buy” rating and set a $40.00 target price on shares of Basic Energy Services in a research report on Thursday, January 18th. Finally, ValuEngine lowered shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.44.

Basic Energy Services (NYSE:BAS) traded up $0.05 on Friday, hitting $14.88. 433,542 shares of the company’s stock were exchanged, compared to its average volume of 490,855. The company has a market capitalization of $410.24, a price-to-earnings ratio of -4.05 and a beta of 2.66. Basic Energy Services has a fifty-two week low of $14.03 and a fifty-two week high of $35.84. The company has a current ratio of 1.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.77.

Basic Energy Services (NYSE:BAS) last posted its quarterly earnings results on Monday, February 26th. The oil and gas company reported ($0.55) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.15). The firm had revenue of $235.27 million during the quarter, compared to the consensus estimate of $232.46 million. Basic Energy Services had a negative return on equity of 16.12% and a negative net margin of 11.19%. equities research analysts expect that Basic Energy Services will post -0.53 EPS for the current year.

In other news, Director Silver Point Capital L.P. sold 186,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $23.82, for a total value of $4,430,520.00. The transaction 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 business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $16.81, for a total transaction of $25,215.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 547,026 shares of company stock valued at $13,324,057. Company insiders own 11.10% 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.

Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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