Global Hunter Securities Starts Basic Energy Services (BAS) at Buy

Global Hunter Securities initiates coverage on Basic Energy Services (NYSE: BAS) with a Buy. PT $36.

Global analyst says, "BAS has been steadily upgrading its pressure pumping and well servicing assets over the past few years and has a balanced suite of services. Its home deep in the heart of the oil patch (Midland, TX) has allowed for ease of increasing its exposure to oil. We believe that its well servicing business will drive top and bottom line growth in excess of consensus."

For more ratings news on Basic Energy Services click here and for the rating history of Basic Energy Services click here.

Shares of Basic Energy Services closed at $25.74 yesterday.

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