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UPDATE: Williams Financial Group Initiates Basic Energy Services at Hold on Competitive Challenges

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Williams Financial Group initiated coverage on Basic Energy Services (NYSE: BAS) with a Hold rating and a price target of $15.

Williams Financial Group said, "The company's legacy in the Permian Basin served them well as the migration of interest and equipment from natural gas to oil started. However, challenges to differentiate in an oversupplied market continue to unfold, with nearÔÇÉterm activity and margin uncertainty an overhang."

Basic Energy Services closed at $12.64 on Thursday.

Latest Ratings for BAS

DateFirmActionFromTo
Sep 2014GMP SecuritiesInitiates Coverage onBuy
Jul 2014Raymond JamesUpgradesMarket PerformOutperform
Jul 2014Global HunterUpgradesNeutralAccumulate

View More Analyst Ratings for BAS
View the Latest Analyst Ratings

Posted-In: Williams Financial GroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

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