Basic Energy Services (BAS) Catches Eye: Stock Up 10.8%

September 1, 2015 Technicals 0

Zacks

Basic Energy Services, Inc. (BAS) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The upside came after oil prices rallied and hit the biggest three-day percentage gain since 1990. This reverses the recent downtrend for the company, as the stock is now down about 17% in the past one-month time frame.

In the last 30 days, the company has seen three upward and five downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

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

A better-ranked oil field services stock is Exterran Holdings, Inc. (EXH), which has a Zacks Rank #2 (Buy).

Is BAS going up? Or down? Predict to see what others think: Up or Down

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