Basic Energy Services (BAS) Misses Q3 EPS by 8c

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Cowen Cuts Price Target on Basic Energy Services (BAS) Following 3Q Results

October 26, 2015 7:44 AM EDT

Cowen maintained a Market Perform rating on Basic Energy Services (NYSE: BAS), and cut the price target to $4.00 (from $5.00), following the company's 3Q earnings release. With effective liquidity of about $105MM, Basic's cash burn is becoming a more important measure for... More