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

down 86.41 %

Basic Energy Services, Inc. (BAS) upgraded to Outperform with price target $36 by Morgan Keegan

Posted on: Monday,  Apr 25, 2011  9:25 AM ET by Morgan Keegan

Morgan Keegan rated Outperform Basic Energy Services, Inc. (NYSE: BAS) on 04/25/2011, when the stock price was $29.95.
Since then, Basic Energy Services, Inc. has lost 86.41% as of 12/14/2015's recent price of $4.07.
If you would have followed this Morgan Keegan's recommendation on BAS, you would have lost 86.41% of your investment in 1694 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).

Since Morgan Keegan's founding 38 years ago, quality investment research has been a hallmark of the firm. Over the years, we have built our reputation by focusing on companies that have gone unnoticed by Wall Street. Today, our staff of senior equity analysts tracks more than 250 companies concentrated in ten industry sectors
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/25/2011 9:25 AM Buy
29.95 36.00
as of 12/30/2011
1 Week down  -2.42 %
1 Month up  4.56 %
3 Months up  39.12 %
1 YTD down  -34.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/9/2011 8:25 AM Hold
21.31 23.50
10/16/2008 8:25 AM Hold

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