Media coverage about Basic Energy Services (NYSE:BAS) has been trending positive on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.5930715365291 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

BAS has been the topic of several research reports. Seaport Global Securities reissued a “buy” rating and set a $40.00 target price on shares of Basic Energy Services in a research note on Thursday, January 18th. ValuEngine lowered Basic Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Piper Jaffray Companies reissued a “hold” rating and set a $24.50 target price on shares of Basic Energy Services in a research note on Friday, November 17th. Finally, Stephens initiated coverage on Basic Energy Services in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.44.

Shares of Basic Energy Services (BAS) opened at $16.44 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.57 and a quick ratio of 1.38. The stock has a market capitalization of $459.11, a PE ratio of -4.42 and a beta of 2.66. Basic Energy Services has a 12-month low of $14.03 and a 12-month high of $36.58.

Basic Energy Services (NYSE:BAS) last posted its quarterly earnings results on Monday, February 26th. The oil and gas company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.15). The company had revenue of $235.27 million during the quarter, compared to analyst estimates of $232.46 million. Basic Energy Services had a negative net margin of 11.19% and a negative return on equity of 16.12%. equities research analysts expect that Basic Energy Services will post -0.49 earnings per share for the current fiscal year.

In other Basic Energy Services news, VP William Timothy Dame sold 3,859 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $24.19, for a total value of $93,349.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $27,255.00. Following the completion of the transaction, the chief executive officer now owns 152,178 shares in the company, valued at approximately $2,765,074.26. The disclosure for this sale can be found here. Insiders sold a total of 978,385 shares of company stock worth $23,559,472 in the last ninety days. 11.10% of the stock is owned by corporate 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.

Insider Buying and Selling by Quarter for Basic Energy Services (NYSE:BAS)

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