Media stories about Basic Energy Services (NYSE:BAS) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Basic Energy Services earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 44.8361740345379 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Monarch Files Preliminary Proxy Statement To Elect Slate Of … – PR Newswire (press release) (prnewswire.com)
- Energy Sector Update for 03/07/2018: BAS,FELP,TGA,TGL.TO,OBE – Nasdaq (nasdaq.com)
- Basic Energy Services Announces Withdrawal Of Proposed Senior Secured Notes Offering – PR Newswire (press release) (prnewswire.com)
- Basic Energy Services, Inc. (BAS) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Basic Energy Services (BAS) traded down $0.48 during trading on Tuesday, hitting $17.54. 270,395 shares of the stock were exchanged, compared to its average volume of 466,998. The company has a current ratio of 1.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $466.51, a price-to-earnings ratio of -4.74 and a beta of 2.66. Basic Energy Services has a one year low of $14.03 and a one year high of $36.58.
BAS has been the subject of several analyst reports. ValuEngine lowered shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Seaport Global Securities upgraded shares of Basic Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Piper Jaffray Companies restated a “hold” rating and set a $24.50 price target on shares of Basic Energy Services in a research report on Friday, November 17th. Finally, Stephens initiated coverage on shares of Basic Energy Services in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $26.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Basic Energy Services currently has a consensus rating of “Hold” and a consensus target price of $28.44.
In other news, CEO Thomas Monroe Patterson sold 1,500 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $18.17, for a total transaction of $27,255.00. Following the completion of the sale, the chief executive officer now directly owns 152,178 shares in the company, valued at $2,765,074.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Silver Point Capital L.P. sold 278,000 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $24.01, for a total transaction of $6,674,780.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,009,885 shares of company stock valued at $24,289,042. 0.69% of the stock is currently owned by company insiders.
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About Basic Energy Services
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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