Basic Energy Services, Inc. Com (NYSE:BAS):
Basic Energy Services Announces Extensions Of Forbearance Agreement And Waivers To Continue Deleveraging Negotiations With Secured Lenders And Unsecured Bondholders.
The company is so far trading up by 18.08% since yesterday’s close of $0.5248.
Shares last traded at $0.620 which is marginally over the 50 day moving average which is $0.57 and which is marginally under the 200 day moving average of $1.67. The 50 day moving average was up $0.05 or +8.3934% whereas the 200 day moving average was down $-1.05 or -62.9895%.
As of the latest earnings report the EPS was $-8.11 and is estimated to be $-5.25 for the current year with 40,867,000 shares outstanding. Next quarter’s EPS is forecasted at $-1.27 and the next full year EPS is anticipated to be $-4.08.
A few analysts have released opinions on the company. On July 25 the company was rated “Sector Perform” according to a Johnson Rice report down from the previous “” rating. On July 25, 2016 the stock rating was set at “Sector Perform” in a report from iBERIA Capital Partners a cut from the previous “Outperform” rating.
On July 11 Jefferies made no change to the company rating of “Hold” but lowered the price target to $1.50 from $6.50. On April 22 the company was upgraded from “Underperform” to “Market Perform” in a report from Raymond James.
Equity analyst Nomura initiated coverage on the stock with a rating of “Neutral” and a price target of $3.00. March 10 investment analysts at iBERIA Capital Partners maintained a company rating of “Outperform” but raised the price expectation from $3.00 to $3.50.