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

Rating:
Neutral BAS

Basic Energy Services, Inc. (BAS) downgraded to Neutral by Global Hunter Securities

Posted on: Monday,  Nov 18, 2013  10:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Neutral Basic Energy Services, Inc. (NYSE: BAS) on 11/18/2013. Previously Global Hunter Securities rated Buy
Basic Energy Services, Inc. (NYSE: BAS) on 04/26/2013., when the stock price was $13.18. Since then, Basic Energy Services, Inc. has gained 24.73% of its value until Global Hunter Securities rated BAS Accumulate on 11/18/2013, when the price was $16.44. .

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).

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/28/2014 12:00 AM Buy
None
25.79 30.00
as of 12/13/2013
1 Week   
1 Month up  3.39 %
3 Months up  24.63 %
1 YTD up  44.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2013 10:25 AM Hold
None
16.44
4/26/2013 9:25 AM Buy
None
13.18
9/23/2011 9:25 AM Buy
None
13.64 30.00
5/16/2011 8:25 AM Buy
None
25.48 36.00

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