|February 25, 2014|
|05:53 EDT||BAS||Basic 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
|October 6, 2015|
|09:19 EDT||BAS||Basic Energy added to Conviction List at Iberia|
Subscribe for More Information
|September 30, 2015|
|10:01 EDT||BAS||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Abengoa Yield (ABY) downgraded to Equal Weight from Overweight at Morgan Stanley... American Airlines (AAL) downgraded to Neutral from Buy at Goldman... Baidu (BIDU) downgraded to Hold from Buy at Summit Research... Banco Santander (SAN) downgraded to Neutral from Overweight at JPMorgan... Barracuda (CUDA) downgraded to Equal Weight from Overweight at Stephens... Basic Energy (BAS) downgraded to In-Line from Outperform at Imperial Capital... C.H. Robinson (CHRW) downgraded to Sell from Neutral at Goldman... Cheetah Mobile (CMCM) downgraded to Neutral from Outperform at Credit Suisse... FleetCor (FLT) downgraded to Hold from Buy at Evercore ISI... Gap (GPS) downgraded to Sell from Neutral at UBS... Genuine Parts (GPC) downgraded to Sell from Neutral at Goldman... Grupo Televisa (TV) downgraded to Hold from Buy at HSBC... ITC Holdings (ITC) downgraded to Sell from Neutral at UBS... Lantheus (LNTH) downgraded to Market Perform from Outperform at Wells Fargo... Rentrak (RENT) downgraded to Buy from Strong Buy at Needham... SQM (SQM) downgraded to Neutral from Overweight at JPMorgan... Sequenom (SQNM) downgraded to Hold from Buy at Jefferies... Team (TISI) downgraded to Equal Weight from Overweight at Stephens... Universal Truckload (UACL) downgraded to Hold from Buy at BB&T.
|05:36 EDT||BAS||Basic Energy downgraded to In-Line from Outperform at Imperial Capital|
Imperial Capital analyst Scott Levine downgraded Basic Energy to In-Line saying the downturn in U.S. onshore exploration and production activity poses risk to earnings and balance sheet leverage. Levine cut his price target for shares to $4.75 from $10.
|September 28, 2015|
|08:17 EDT||BAS||Basic Energy signs five-year renewal with MiX Telematics|
MiX Telematics (MIXT) announced that Basic Energy Services (BAS) has renewed its contract for fleet management and driver behavior solutions for the next five years. Basic Energy Services uses solutions from MiX Telematics to help improve driver safety and monitor performance of more than 4,000 vehicles. One of the key factors in the renewal decision was MiX's Service for Life commitment. MiX offers a comprehensive range of services, which go beyond sales, implementation and troubleshooting. It starts when a customer signs the contract and continues, holistically, until the day the contract ends.
|08:10 EDT||BAS||Basic Energy signs five-year renewal with MiX Telematics|
Subscribe for More Information
|September 24, 2015|
|06:52 EDT||BAS||Fracking companies see bankruptcies, closures, WSJ reports|
A series of bankruptcies and closures has swept across the oil industry, with dozens of mostly small, privately owned fracking companies at risk, the Wall Street Journal reports. Most companies that help oil and gas explorers drill and frack wells are small, privately owned and fairly young, the report says. The fall in oil prices has played a large role in the failures of many of these companies, the report says. Companies in the space include Key Energy Services (KEG), Basic Energy Services (BAS), Schlumberger (SLB), and Halliburton (HAL). Reference Link