Basic Energy Services (BAS) in Focus: Stock Falls 6.3% – Tale of the Tape

Although this slump was obviously disappointing, the oil and gas drilling equipment and services provider has seen 6 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for BAS. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

BAS currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include China Oilfield Services Ltd. (CHOLY), Exterran Partners, L.P. (EXLP) and C&J Energy Services, Inc. (CJES). While China Oilfield Services and Exterran Partners sport a Zacks Rank #1 (Strong Buy), C&J Energy holds a Zacks Rank #2 (Buy).

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