Basic Energy Services (BAS) Drops 8.62% on December 30

Equities Staff |

Basic Energy Services (BAS) was one of the Russell 2000's biggest losers for Wednesday December 30 as the stock slid 8.62% to $2.65, a loss of $-0.25 per share. Starting at an opening price of $2.85 a share, the stock traded between $2.62 and $2.89 over the course of the trading day. Volume was 1.07 million shares over 2,932 trades, against an average daily volume of 3.24 million shares and a total float of 42.61 million.

The losses send Basic Energy Services down to a market cap of $112.92 million. In the last year, Basic Energy Services has traded between $10.50 and $2.32, and its 50-day SMA is currently $3.51 and 200-day SMA is $5.89.

Basic Energy Services Inc provides well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling in the United States.

Basic Energy Services is based out of Fort Worth, TX and has some 5,700 employees. Its CEO is Thomas Monroe Patterson.

For a complete fundamental analysis analysis of Basic Energy Services, check out Equities.com’s Stock Valuation Analysis report for BAS. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Nano One Materials Corp.

Nano One Materials Corp is a technology company. The Company manufactures storage materials for lithium ion batteries.

Private Markets

Pinterest

Pinterest is a visual discovery and planning tool. Users ("Pinners") use the site and apps to get ideas for their future, such as recipes, places to travel, and products to…

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…