Goldman Sachs Downgrades Basic Energy Services (BAS) to Sell

September 5, 2008 9:56 AM EDT

Goldman Sachs downgrades Basic Energy Services (NYSE: BAS) from Neutral to Sell and lowered its price target from $33 to $31, saying they prefer stocks with more exposure to oil versus natural gas.

Basic Energy Services, Inc. provides a range of well site services to oil and gas drilling and producing companies in the United States.


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