Basic Energy Services (BAS -7.3%) lowers Q4 revenue guidance, blaming the current pricing...

|About: Basic Energy Services, Inc. (BAS)|By:, SA News Editor

Basic Energy Services (BAS -7.3%) lowers Q4 revenue guidance, blaming the current pricing environment and activity declines into year-end that are more severe than expected. BAS now sees revenue 12%-14% lower Q/Q and weaker than the 5%-7% previously projected sequential decline. BAS reported revenues of $340M in Q3.