Basic Energy Services, Inc. s trend and data analysis indicates that the stock price has dropped -85.54% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -92.15% . Looking at the past 52 week period, the stock price is down -98.12% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Basic Energy Services, Inc. has a negative value of -97.7 compared to overall market performance.Basic Energy Services, Inc. is having a Relative Strength Index of 48.87 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Basic Energy Services, Inc. (NYSE:BAS) rallied by 13.32% during the past week but lost 11.31% on a 4-week basis. The company has outperformed the S&P 500 by 13.05% in the past week but underperformed the index by 12.32% in the last 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. Basic Energy Services, Inc. (NYSE:BAS) : On Friday heightened volatility was witnessed in Basic Energy Services, Inc. (NYSE:BAS) which led to swings in the share price. The stock opened for trading at $34.46 and hit $36.58 on the upside , eventually ending the session at $36.16, with a gain of 5.02% or 1.73 points. The heightened volatility saw the trading volume jump to 1,624,083 shares. The 52-week high of the share price is $1978.3352 and the company has a market cap of $934 million. The 52-week low of the share price is at $29.36 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Basic Energy Services Inc was Upgraded by Deutsche Bank on Jan 19, 2017 to Buy, Price Target of the shares are set at $45.Basic Energy Services Inc was Upgraded by Johnson Rice to Accumulate on Dec 29, 2016.
Company has reported several Insider transactions to the SEC, on Dec 28, 2016, Alan Krenek (SVP, CFO, Secretary, Treasurer) sold 11,745 shares at 36.00 per share price.On Dec 28, 2016, William Timothy Dame (VP – Pumping Services) sold 4,982 shares at 36.00 per share price.On Dec 28, 2016, John Cody Bissett (VP, Controller and CAO) sold 2,270 shares at 36.00 per share price.
Basic Energy Services Inc Last issued its quarterly earnings results on Oct 22, 2015. The company reported $-1.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.09. Analyst had a consensus of $-1.17. The company had revenue of $189.25 million for the quarter, compared to analysts expectations of $187.73 million. The companys revenue was down -52.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
Basic Energy Services provides a range of services to Americas oil and gas producers. Its operations span the heartland of domestic onshore production from Texas, Oklahoma, Louisiana and New Mexico to the Rocky Mountain states . Its services support the entire life cycle of a well – from drilling to production and finally – abandonment. They are committed to providing a safe and rewarding workplace, giving its customers the value they expect and doing our part to support a strong and viable oil and gas industry.