Basic Energy Services, Inc. (BAS) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 44.6% in the past one-month time frame.
The company has seen 3 positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher 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 yesterday’s jump can turn into more strength down the road.
Basic Energy Services currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other stocks worth considering in the oil and gas industry include China Oilfield Services Ltd. (CHOLY), Exterran Partners, L.P. (EXLP) and Helix Energy Solutions Group, Inc. (HLX). All the stocks sport a Zacks Rank #1(Strong Buy).
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