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Stock Market & Financial Investment News

News Breaks
February 25, 2014
05:53 EDTBASBasic Energy downgraded to Underperform from Hold at Jefferies
Jefferies downgraded Basic Energy Services to Underperform citing the recent rally in shares but raised its price target for the name to $16 from $13.50. The firm believes the recent stock rise overstates the company's potential benefit from the expected Permian uplift.
News For BAS From The Last 14 Days
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August 19, 2014
07:18 EDTBASEnerCom to hold a conference
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August 14, 2014
15:11 EDTBASBasic Energy management to meet with SunTrust
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August 12, 2014
06:35 EDTBASBasic Energy reports July basic's well servicing rig count remains at 421
Basic Energy Services reported selected operating data for the month of July 2014. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 73,300 producing a rig utilization rate of 69%, compared to 74% and 71% in June 2014 and July 2013, respectively. During the month, Basic's fluid service truck count increased by three to 1,019. Fluid service truck hours for the month were 214,900 compared to 205,300 and 189,000 in June 2014 and July 2013, respectively. Drilling rig days for the month were 331 producing a rig utilization of 89%, compared to 88% and 77% in June 2014 and July 2013, respectively.

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