- Basic Energy Services (BAS -0.8%) enjoys price target raises from at least three firms after shares post new 52-week highs following a strong Q4 earnings beat.
- Imperial Capital lifts its target to $25.50 from $25, seeing BAS as well-positioned to benefit from a recovery in U.S. onshore E&P activity, given its diverse service portfolio and attractive geographic footprint.
- Howard Weil raises its target to $27 from $19 on the company's overall optimistic outlook, highlighted by expectations for the completion and remedial services segment and well above trend spending within its home field Permian Basin market (Briefing.com).
Analysts raise target prices for Basic Energy even after 52-week highs
Feb 21 2014, 15:44 ET