Earnings Reaction History of Basic Energy Services, Inc. (NYSE:BAS)

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Basic Energy Services, Inc. (NYSE:BAS) moved up 5.02% and closed its last trading session at $36.16. This Oils-Energy Sector stock currently has the Market Capitalization of 934.01 Million. The Average Volume for the stock is measured as 668.31 Million. The Stock has a 52-Week High of $44.81 and 52-Week Low of $29.36 following the dates, it touched its 52-Week High on Feb 13, 2017 and 52-Week Low on Dec 27, 2016. Currently, the Return on Assets value for the trailing twelve months is -29.2% with the Return on Equity and Return on Investment of 0% and -17.7% respectively. This firm currently has YTD (year to date) performance of 2.29 Percent which is awesome. The Short Ratio for the stock is 1.41.

Basic Energy Services, Inc. (NYSE:BAS) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-7.63. The TTM operating margin is -48.9 percent.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Basic Energy Services, Inc. (NYSE:BAS) beats earnings by 50%, The Stock Missed Earnings  6  times and has met earnings  0 times.

Earnings History:

We will discuss the past Quarters Earnings below:

On 07/21/2016, the stock reported the EPS of $-763.93 where Analysts were projecting the EPS to be $-813.77 showing a difference of $49.84. Thus Surprise Factor was there with 6.1 percent. Before Earnings Announcement on 07/21/2016, the firm had its stock price of $725.71. And immediately on the next day after earnings announcement, the stock declined -29.91% and closed its trading session at $508.63. On 7th Day after earnings release, Basic Energy Services, Inc. (NYSE:BAS) dropped to -37.16% from $725.71 to $456.

On 04/20/2016, Analysts were suspecting EPS of $-829.33/share where Basic Energy Services, Inc. (NYSE:BAS) reported its Actual EPS of $-752.52. Thus showing a Surprise of 9.3 percent. The Closing Price of the stock before earnings was $1485.71 while on the Next day the stock closed its trading session at $1462.86 with a percentage change of -1.54% from the price of 1485.71 before Earnings. The Stock Closing Price on the 7th day of earnings was $1611.43.

Company Profile:

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. This segment operates 291 pumping units; and 42 air compressor packages. The company’s Fluid Services segment is involved in the transportation of fluids; production of salt water; sale and transportation of fresh and brine water; rental of portable fracturing and test tanks; recycling and treatment of wastewater; operation of fresh water and brine source wells, and non-hazardous wastewater disposal wells; and preparation, construction, and maintenance of access roads, drilling locations, and production facilities. As of December 31, 2015, this segment owned and operated 985 fluid service trucks with an average fluid hauling capacity of up to 150 barrels apiece; and owned 85 salt water disposal facilities. Its Well Servicing segment provides services performed with a mobile well servicing rig and ancillary equipment, such as maintenance work, hoisting tools and equipment required by the operation, and plugging and abandonment services, as well as manufactures and sells workover rigs. As of December 31, 2015, this segment operated a fleet of 421 well servicing rigs. Its Contract Drilling segment employs drilling rigs and related equipment to penetrate the earth to a desired depth and initiate production. This segment owns and operates 12 land drilling rigs. The company was formerly known as Sierra Well Service, Inc. and changed its name to Basic Energy Services, Inc. in 2000. Basic Energy Services, Inc. was founded in 1992 and is headquartered in Fort Worth, Texas.