Media headlines about Basic Energy Services (NYSE:BAS) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Basic Energy Services earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 44.8813866420183 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
Several research firms have commented on BAS. ValuEngine lowered Basic Energy Services from a “hold” rating to a “sell” rating in a research note on Friday. Credit Suisse Group boosted their price objective on Basic Energy Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded Basic Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies reiterated a “hold” rating and set a $24.50 price objective on shares of Basic Energy Services in a research note on Friday, November 17th. Finally, Deutsche Bank began coverage on Basic Energy Services in a research note on Tuesday, October 10th. They set a “hold” rating and a $22.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Basic Energy Services presently has a consensus rating of “Hold” and a consensus target price of $26.92.
Shares of Basic Energy Services (BAS) traded up $1.24 during trading on Friday, hitting $23.61. The stock had a trading volume of 308,746 shares, compared to its average volume of 499,726. Basic Energy Services has a fifty-two week low of $14.03 and a fifty-two week high of $44.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.59.
In related news, VP John Cody Bissett sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $19.50, for a total value of $48,750.00. Following the transaction, the vice president now directly owns 3,401 shares in the company, valued at $66,319.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Monroe Patterson sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $18.83, for a total value of $28,245.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 888,807 shares of company stock worth $20,174,030. Insiders own 11.10% of the company’s stock.
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Basic Energy Services Company Profile
Basic Energy Services, Inc provides a range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Company operates through the segment, which include Completion and Remedial Services, Fluid Services, Well Servicing and Contract Drilling.
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