Basic Energy Services (BAS) Getting Somewhat Favorable Media Coverage, Study Finds
Media headlines about Basic Energy Services (NYSE:BAS) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 press coverage about the oil and gas company an impact score of 45.3533152867769 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Wireline Services Market Report 2017, Trends, Analysis, Share, Estimates and Forecasts to 2022. (mynewsdesk.com)
- Basic Energy Services, Inc. Forecasted to Post Q3 2017 Earnings of ($0.47) Per Share (BAS) (americanbankingnews.com)
- Piper Jaffray Companies Reiterates “Hold” Rating for Basic Energy Services, Inc. (BAS) (americanbankingnews.com)
- Implied Volatility Surging for Basic Energy (BAS) Stock Options (finance.yahoo.com)
Shares of Basic Energy Services (BAS) traded down 4.04% during mid-day trading on Wednesday, hitting $18.05. 342,827 shares of the stock traded hands. The company’s 50 day moving average is $17.82 and its 200 day moving average is $17.82. Basic Energy Services has a one year low of $14.03 and a one year high of $44.81. The firm’s market capitalization is $445.19 million.
BAS has been the subject of a number of research reports. Zacks Investment Research cut shares of Basic Energy Services from a “buy” rating to a “sell” rating in a report on Wednesday, October 4th. Credit Suisse Group began coverage on shares of Basic Energy Services in a research note on Friday, July 21st. They issued a “neutral” rating for the company. Deutsche Bank AG began coverage on shares of Basic Energy Services in a research note on Tuesday, October 10th. They issued a “hold” rating and a $22.00 price objective for the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.50 price objective on shares of Basic Energy Services in a research note on Friday, September 8th. Finally, BidaskClub downgraded shares of Basic Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.92.
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In other news, Director Timothy H. Day acquired 15,000 shares of Basic Energy Services stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $18.69 per share, for a total transaction of $280,350.00. Following the completion of the purchase, the director now directly owns 20,200 shares of the company’s stock, valued at approximately $377,538. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas Monroe Patterson sold 1,500 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $18.83, for a total transaction of $28,245.00. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 29,000 shares of company stock worth $509,990 and sold 15,457 shares worth $274,933. Corporate insiders own 11.10% of the company’s stock.
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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