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Basic Energy Services, Inc. (BAS) [hlAlert]

Rating:
Buy BAS
down 62.89 %

Basic Energy Services, Inc. (BAS) rated Buy with price target $16 by Deutsche Bank

Posted on: Thursday,  Jan 17, 2013  1:25 PM ET by Deutsche Bank

Deutsche Bank rated Buy Basic Energy Services, Inc. (NYSE: BAS) on 01/17/2013. Previously Deutsche Bank rated Buy Basic Energy Services, Inc. (NYSE: BAS)
on 01/22/2010., when the stock price was $10.97. Since then, Basic Energy Services, Inc. has lost 62.90% as of 12/14/2015's recent price of $4.07.
If you would have followed the previous Deutsche Bank's recommendation on BAS, you would have lost 62.89% of your investment in 2152 days.

Basic Energy Services, Inc. provides a range of well site services to oil and gas drilling and producing companies. The Company operates in four business segments: well servicing, fluid services, completion and remedial services, and contract drilling. Well servicing segment encompasses a range of services performed with a mobile well servicing rig. Through the fluid services segment, it provides, transports, stores and disposes of a variety of fluids, and provides well site construction and maintenance services. The completion and remedial services segment provides pressure pumping services focused on cementing, acidizing and fracturing services. Contract drilling segment operates nine drilling rigs and related equipment. On January 28, 2008, it acquired Xterra Fishing and Rental Tools Co. On September 26, 2008, it acquired substantially all of the operating assets of Azurite Services Company, Inc., Azurite Leasing Company, LLC and Freestone Disposal, L.P. (collectively, Azurite).

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/17/2013 1:25 PM Buy
None
11.96 16.00
as of 12/13/2013
1 Week up  0.27 %
1 Month down  -9.68 %
3 Months up  8.87 %
1 YTD up  25.85 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/14/2012 12:25 PM Buy
None
10.47 17.00
10/27/2010 2:25 PM Buy
None
10.65 20.00
1/22/2010 8:25 AM Buy
None
10.97 18.00

(*) Stock Price at the time of the recommendation.
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