CapitalOne Upgrades Basic Energy Services (BAS) to Add
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Global Hunter Securities Upgrades Basic Energy Services (BAS) to Buy
April 26, 2013 8:08 AM EDTGlobal Hunter Securities upgraded Basic Energy Services (NYSE: BAS) from Accumulate to Buy with a price target of $18.00 (unchanged).
For an analyst ratings summary and ratings history on Basic Energy Services click... 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
