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Basic Energy Services (BAS) in Focus: Stock Moves 5.9% Higher

Zacks Equity Research

Basic Energy Services, Inc. (BAS) was a big mover last session, as the company saw its shares rise by almost 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 30% in the past one-month time frame.

This oil & gas equipment & services company has seen three positive estimate revisions over the last 30 days while its Zacks Consensus Estimate remained same over the same time frame, suggesting that more solid trading could be ahead for Basic Energy Services. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

Basic Energy Services currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the basic materials sector include PH Glatfelter Co. (GLT), Gruma S.A.B. de CV (GMK) and Emerge Energy Services LP (EMES). While PH Glatfelter and Gruma S.A.B. de CV hold a Zacks Rank #1 (Strong Buy), Emerge Energy Services carries a Zacks Rank #2 (Buy).

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BASIS ENERGY SERVICES INC (BAS): Free Stock Analysis Report

GLATFELTER (GLT): Free Stock Analysis Report

(GMK): Free Stock Analysis Report

EMERGE ENERGY SERVICES LP (EMES): Free Stock Analysis Report

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