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Friday, April 26, 11:54 AM Basic Energy Services (BAS +4.6%) is upgraded to Buy from Accumulate at Global Hunter, which believes the bottom is in place for all of BAS's business lines, and its Q1 performance operationally was commendable despite depressed activity levels. CapitalOne also raises shares to Add from Neutral. Comment! [Energy, Quick Ideas, On the Move]
Wednesday, April 24, 7:44 PM Basic Energy Services (BAS): Q1 EPS of -$0.22 beats by $0.03. Revenue of $304.4M (-18% Y/Y). (PR) Comment! [Earnings, Breaking News]
Wednesday, April 24, 12:10 AM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA 1 Comment [Earnings]
Tuesday, April 23, 5:35 PM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA Comment! [Earnings]
Monday, April 15, 12:34 PM Basic Energy (BAS -5.7%) expects Q1 revenue growth of ~1% Q/Q, less than its previous guidance of 2%-3%, after reporting its well servicing rig count remained unchanged in March. But BAS sees Q2 revenue ~10% higher Q/Q, implying a result of ~$335M, pointing to recent improvements in the rig count, particularly in the Permian Basin market. Comment! [Energy, On the Move]
Monday, March 25, 4:30 PM Basic Energy Services (BAS) announces the retirement of President and CEO Ken Huseman at the end of 2013, and names Roe Patterson, COO since March 2011 and Senior VP of rig and truck operations since 2008, as his successor. Comment! [Energy]
Thursday, March 21, 9:38 AM Goldman Sachs believes the selloff in oil service stocks creates a buying opportunity, as it sees Q1 earnings growing at a faster rate driven by completion work. The firm expects Halliburton (HAL) to report in-line Q1 results and recommends buying on the recent pullback, suggests Basic Energy (BAS) on better utilization, and likes Nabors Industries (NBR) on relative valuation. 9 Comments [Energy, Quick Ideas]
Friday, March 15, 2:08 PM Basic Energy Services (BAS +6.9%) says its rig utilization rose to 71% in February vs. 67% in January and 76% a year ago, despite snow, wind and ice interruptions at its mid-continent and Permian Basin operations. BAS also expects customer spending to improve. SunTrust says the latest jump in natural gas prices also could help BAS. Comment! [Energy, On the Move]
Wednesday, February 20, 5:28 AM Basic Energy Services (BAS): Q4 EPS of -$0.27 misses by $0.09. Revenue of $302.1M beats by $0.5M. (PR) Comment! [Earnings, Breaking News]
Tuesday, February 19, 12:10 AM Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP, SHO, SINA, TEX, ZIXI Comment! [Earnings]
Monday, February 18, 5:35 PM Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP,SHO, SINA, TEX, ZIXI Comment! [Earnings]
Monday, February 11, 11:47 AM Dahlman Rose downgrades to Hold nine oilfield service companies with strong North American exposure, including Baker Hughes (BHI). The firm cites the sector’s sluggish outlook for exploration and production spending and recent outperformance of the North American-oriented stocks. Of the group - including ESV, BAS, LUFK and NR - BHI has the most exposure to North America, the firm adds. Comment! [Energy, Quick Ideas]
Wednesday, January 30, 5:38 PM Five energy stocks multiple insiders have bought in the last three months, according to Insider Monkey: Halcon Resources (HK), down 30% in the last year; Apache (APA), whose Q3 net income fell 82% Y/Y; Basic Energy (BAS), 20% of whose outstanding shares are held short; and drilling-focused Weatherford (WFT) and Key Energy (KEG). Comment! [Energy, Quick Ideas]
Thursday, January 17, 3:44 PM The oil services sector (OIH) may have turned the corner on the way to gains in 2013, Deutsche Bank says in raising price targets on several stocks. Baker Hughes (BHI) is the firm's top pick, with significant leverage to both the U.S. onshore and Gulf of Mexico recovery; Halliburton (HAL) is another preferred large-cap. Nabors (NBR) is the favorite mid-cap, and Hercules (HERO) the top small-cap play. 2 Comments [Energy, Quick Ideas]
Thursday, December 27, 2012, 2:04 PM 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. Comment! [Energy, On the Move]
Thursday, December 13, 2012, 11:13 AM 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. Comment! [Energy, On the Move]

BAS Basic Energy Services, Inc.

BAS

Basic Energy Services, Inc.