Market Overview

UPDATE: Jefferies Reiterates Basic Energy Services at Hold While Reducing Estimates for Q4 and 2013

Share:
Related BAS
12 Biggest Mid-Day Losers For Friday
Stocks Hitting 52-Week Lows
Basic Energy Services (BAS) CEO Thomas Monroe Patterson on Q2 2016 Results - Earnings Call Transcript (Seeking Alpha)

Jefferies reiterated its Hold rating and $10 price target on Basic Energy Services (NYSE: BAS).

Jefferies noted, "We lower BAS estimates for 4Q12 and 2013 to reflect current operating weakness, including modestly more day rate pressure and concerns about at least 1H13 activity in Permian and Mid-Con regions. Further, we lower 2014E EPS on conservatism, albeit we still assume a healthy recovery. We continue to prefer peers with stronger FCF profiles for 2013."

Basic Energy Services closed at $11.51 on Wednesday.

Latest Ratings for BAS

DateFirmActionFromTo
Jul 2016JefferiesMaintainsHold
Apr 2016Raymond JamesUpgradesUnderperformMarket Perform
Apr 2016NomuraInitiates Coverage onNeutral

View More Analyst Ratings for BAS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (BAS)

View Comments and Join the Discussion!