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

down 80.49 %

Basic Energy Services, Inc. (BAS) rated Buy with price target $25 by Deutsche Securities

Posted on: Wednesday,  Mar 5, 2008  12:25 PM ET by Deutsche Securities

Deutsche Securities rated Buy Basic Energy Services, Inc. (NYSE: BAS) on 03/05/2008, when the stock price was $20.87.
Since then, Basic Energy Services, Inc. has lost 80.50% as of 12/14/2015's recent price of $4.07.
If you would have followed this Deutsche Securities's recommendation on BAS, you would have lost 80.49% of your investment in 2840 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's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/5/2008 12:25 PM Buy
20.87 25.00
as of 12/24/2008
1 Week down  -2.22 %
1 Month up  46.02 %
3 Months up  9.11 %
1 YTD down  -47.99 %

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