Estimates for Basic Energy Services' (BAS -5.7%) Q4, 2013 and 2014 are lowered at Jefferies to...

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

Estimates for Basic Energy Services' (BAS -5.7%) Q4, 2013 and 2014 are lowered at Jefferies to reflect operating weakness, including modestly more day rate pressure and concerns about at least H1 2013 activity in Permian and Mid-Con regions. The firm says it prefers peers with stronger free cash flow profiles.