BAS After earmings Howard Weil ave them a $32 target...Weil is the best in the oil patch...take heed
28-Apr-14 09:14 ET
Basic Energy Services target raised to $32 at Howard Weil (26.03 )
Howard Weil raises their BAS tgt to $32 from $29. Investors may have been a bit spooked by BAS' commentary around becoming more aggressive on the consolidation front, or considering Well Service and Fluid Service outlooks that are likely just a neutral to the current earnings model as a drawback as share of BAS lost ground Friday. However, their numbers are still moving up led by a full pressure pumping book and a Completion and Remedial Services margin view that is more overtly bullish than they had been dialing in.
24-Apr-14 18:42 ET
Basic Energy Services beats by $0.04, beats on revs; guides Q2 revs above consensus (27.93 -0.87)
Reports Q1 (Mar) loss of $0.05 per share, $0.04 better than the Capital IQ Consensus Estimate of ($0.09); revenues rose 10.6% year/year to $336.76 mln vs the $330.09 mln consensus.
Co issues upside guidance for Q2, sees Q2 revs +5-6% sequentially (~$353.6-357.0 mln) vs. $348.77 mln Capital IQ Consensus Estimate.