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

Rating:
Equal Weight
BAS
up 178.37 %

Basic Energy Services, Inc. (BAS) rated Equal Weight with price target $43 by Barclays Capital

Posted on: Monday,  Jul 25, 2011  12:25 PM ET by Barclays Capital

Barclays Capital rated Equal Weight Basic Energy Services, Inc. (NYSE: BAS) on 07/25/2011. Previously Barclays Capital rated Underweight Basic Energy Services, Inc. (NYSE:
BAS) on 05/08/2009., when the stock price was $11.33. Since then, Basic Energy Services, Inc. has lost 64.08% as of 12/14/2015's recent price of $4.07.
If you would have followed the previous Barclays Capital's recommendation on BAS, you would have gained 178.37% of your investment in 2411 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).

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/25/2011 12:25 PM Sell
None
35.71 43.00
as of 12/30/2011
1 Week up  2.42 %
1 Month down  -4.56 %
3 Months down  -39.12 %
1 YTD down  -19.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/27/2011 4:25 PM Sell
None
28.65 36.00
4/25/2011 1:25 PM Sell
None
29.30 33.00
2/18/2011 1:25 PM Sell
None
18.88 20.00
12/15/2010 1:25 PM Sell
None
14.49 17.00
10/28/2010 1:25 PM Sell
None
11.09 13.00
5/8/2009 8:25 AM Sell
None
11.33
3/27/2009 8:25 AM Buy
None
7.30 7.00
3/2/2009 11:25 AM Buy
None
6.09 8.00

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