Global Hunter Securities Upgrades Basic Energy Services (BAS) to Buy
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CapitalOne Upgrades Basic Energy Services (BAS) to Add
April 26, 2013 8:49 AM EDTCapitalOne upgraded Basic Energy Services (NYSE: BAS) from Neutral to Add.
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 $12.60 yesterday, with a 52 week range of $8.52-$16.60.... More
Basic Energy Services (BAS) Reports Smaller Q1 Loss
April 25, 2013 8:09 AM EDTBasic Energy Services (NYSE: BAS) reported Q1 EPS of ($0.22), $0.03 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $304.4 million versus the consensus estimate of $309.13 million.
Ken Huseman, Basic's President and Chief Executive Officer, stated, "Demand ramped more slowly in the first quarter than we anticipated as E&P companies seemed deliberate in finalizing 2013 spending plans and cautious in initiating new projects. We did see a steady improvement in utilization late in the quarter although late winter storms hampered activity in the northern half of our operating footprint. Despite weaker than... More
