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

Rating:
Underperform
BAS
up 467.56 %

Basic Energy Services, Inc. (BAS) rated Underperform with price target $16 by Jefferies

Posted on: Tuesday,  Feb 25, 2014  8:25 AM ET by Jefferies

Jefferies rated Underperform Basic Energy Services, Inc. (NYSE: BAS) on 02/25/2014, when the stock price was $23.10. Since
then, Basic Energy Services, Inc. has lost 82.38% as of 12/14/2015's recent price of $4.07.
If you would have followed this Jefferies's recommendation on BAS, you would have gained 467.56% of your investment in 657 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).

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/25/2014 8:25 AM Sell
None
23.10 16.00
as of 10/17/2014
1 Week up  8.23 %
1 Month up  38.59 %
3 Months up  49.46 %
1 YTD up  38.22 %

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