Texas (June 19, 2013) Wax Ink has issued a Positive Investment Interest rating for Basic Energy Services, Inc. (NYSE: BAS) based on a recent baseline equity review which placed fair value between $39-$42.
The recent close of $13.63 is approximately 46% below the fair value buy target for the stock and approximately 74% below the fair value close target for the stock. The recent close is also 15% below analysts' twelve-month $16.00 median price target for the stock.
The recent close represents a 3% increase in price since the last baseline equity review was conducted in April of 2012.
The stock currently has a trailing twelve-month PE Ratio of 3, and a PEG Ratio of 0.3 basis estimated forward earnings growth of 10%.
In the past 52 weeks, share prices have moved between a high of $16.60 and a low of $8.52, placing equilibrium at $12.85.
Basis the recent close, the stock is trading 22% below the 52 week high, 38% above the 52 week low, 6% above equilibrium, and has an average daily trading volume of approximately 920 thousand shares.
Basic Energy Services, Inc. provides various well site services to oil and natural gas drilling and producing companies in the United States.
The company's competitors include Halliburton Company, Key Energy Services Inc., and Nabors Industries Ltd..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
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Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in BAS over the next 72 hours.