|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.2000 - 0.2200|
|52 Week Range||0.0700 - 2.2900|
|Beta (5Y Monthly)||2.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
Basic Energy Services, Inc. (OTCQX: BASX) ("Basic" or the "Company") today announced the implementation of changes to the organizational structure of the Company, reducing the number of operating regions from five to three. Basic believes this internal consolidation will result in approximately $20 million in annual cost savings, in addition to the previously announced $17 million of expected annual cost synergies related to the acquisition of C&J Well Services ("C&J") and $20 million cost savings previously disclosed in response to market volatility related to the COVID-19 pandemic.
Basic Energy Services, Inc. (OTCQX: BASX) ("Basic") announced today the successful testing of an automated water management solution with a major US operator. The solution provides a step change in efficiency, allowing the client to simply manage their water volumes within their existing internal dispatch system, while Basic's integrated solution automatically picks up and routes the orders as required. Once routed, the solution provides real time updates on job status, vehicle location information, and automated ticket processing from generation to approval. Improved efficiency in dispatching and ticket handling represents a potential reduction of 4% or more in operating cost related to water disposal activities.
Basic Energy Services, Inc. (OTCQX: BASX) ("Basic" or the "Company") today announced that the Company is implementing several cost control and capital preservation measures in response to the rapidly changing market outlook in a lower commodity price environment as well as market uncertainty related to the impact of the COVID-19 virus.
Basic Energy Services, Inc. (OTCQX: BASX) ("Basic" or the "Company") today announced its financial and operating results for the fourth quarter and full year ended December 31, 2019.
Basic Energy Services, Inc. (OTCQX:BASX) ("Basic" or the "Company") today announced that it has acquired the production operations from NexTier (NYSE:NEX) for a consideration of approximately $94 million.
Basic Energy Services, Inc. (OTCQX: BASX) ("Basic") announced today it will release its fourth quarter and year end 2019 financial results before the market opens on Thursday, March 12, 2020. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Thursday, March 12, 2020, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).