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

Rating:
Sector Perform
BAS
down 57.02 %

Basic Energy Services, Inc. (BAS) downgraded to Sector Perform by Scotia Howard Weil

Posted on: Monday,  Dec 14, 2015  9:25 AM ET by Scotia Howard Weil

Scotia Howard Weil rated Sector Perform Basic Energy Services, Inc. (NYSE: BAS) on 12/14/2015. Previously Scotia Howard Weil rated Sector Outperform Basic Energy Services, Inc.
(NYSE: BAS) on 08/03/2015., when the stock price was $6.19. Since then, Basic Energy Services, Inc. has lost 57.03% as of 12/14/2015's recent price of $2.66.
If you would have followed the previous Scotia Howard Weil's recommendation on BAS, you would have lost 57.02% of your investment in 133 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).

Scotia Howard Weil
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/14/2015 9:25 AM Hold
None
2.66
as of 8/27/2015
1 Week down  -0.24 %
1 Month down  -34.24 %
3 Months   
1 YTD down  -34.24 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/3/2015 10:25 AM Buy
None
6.19 12.00

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