Dahlman Rose Upgrades Basic Energy Services (BAS) to Buy; Valuation and Well Servicing Outlook
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Price: $13.63 +2.48%
Rating Summary:
7 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
7 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade BAS Now!
Dahlman Rose upgraded Basic Energy Services (NYSE: BAS) from Hold to Buy with a price target of $25.00.
Dahlman analyst says, "There are several near-term catalysts that could boost shares of BAS. First, we expect Basic to report 4Q11 EPS of $0.65, ahead of consensus of $0.62. Second, we expect positive commentary on Well Service pricing and margins in the press release or in the 4Q conference call. Third, we expect consensus 2012 EPS estimates of $2.51 to be revised upward toward our new 2012 EPS estimate of $2.75 and potentially to $3.00. Fourth, the company could make additional acquisitions that could be accretive to earnings."
For an analyst ratings summary and ratings history on Basic Energy Services click here. For more ratings news on Basic Energy Services click here.
Shares of Basic Energy Services closed at $16.39 yesterday, with a 52 week range of $12.49-$37.79.
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Dahlman analyst says, "There are several near-term catalysts that could boost shares of BAS. First, we expect Basic to report 4Q11 EPS of $0.65, ahead of consensus of $0.62. Second, we expect positive commentary on Well Service pricing and margins in the press release or in the 4Q conference call. Third, we expect consensus 2012 EPS estimates of $2.51 to be revised upward toward our new 2012 EPS estimate of $2.75 and potentially to $3.00. Fourth, the company could make additional acquisitions that could be accretive to earnings."
For an analyst ratings summary and ratings history on Basic Energy Services click here. For more ratings news on Basic Energy Services click here.
Shares of Basic Energy Services closed at $16.39 yesterday, with a 52 week range of $12.49-$37.79.
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