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Last $5.93 USD
Change Today -0.32 / -5.12%
Volume 4.3M
BAS On Other Exchanges
New York
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

basic energy services inc (BAS) Snapshot

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Day High
Day Low
52 Week High
07/31/14 - $25.65
52 Week Low
03/16/15 - $5.00
Market Cap
Average Volume 10 Days
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Dividend Yield

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basic energy services inc (BAS) Details

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 66 air compressor packages, including 36 snubbing units, 16 coiled tubing units, and 10 wireline units. The company’s Fluid Services segment is involved in the transportation of fluids; the production of salt water; the sale and transportation of fresh and brine water; the rental of portable frac and test tanks; the recycling and treatment of wastewater; the operation of fresh water and brine source wells, and of non-hazardous wastewater disposal wells; and the preparation, construction, and maintenance of access roads, drilling locations, and production facilities. As of December 31, 2014, this segment owned and operated 1,047 fluid service trucks with an average fluid hauling capacity of up to 150 barrels apiece. 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, 2014, 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.

5,700 Employees
Last Reported Date: 02/24/15
Founded in 1992

basic energy services inc (BAS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $700.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $415.0K
Senior Vice President of Region Operations
Total Annual Compensation: $415.0K
Vice President of Human Resources
Total Annual Compensation: $310.0K
Vice President of Pumping Services Division
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2014.

basic energy services inc (BAS) Key Developments

Basic Energy Services, Inc. Reports Production Results for the Month of June 2015

Basic Energy Services, Inc. reported production results for the month of June 2015. For the period, the company reported basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 55,800, producing a rig utilization rate of 55%, compared to 50% and 74% in May 2015 and June 2014, respectively. During the month, basic's fluid service truck count increased by six to 1,012. Fluid service truck hours for the month was 193,200, compared to 189,900 and 205,300 in May 2015 and June 2014, respectively. Drilling rig days for the month were 60, producing a rig utilization of 17% compared to 26% and 88% in May 2015 and June 2014, respectively.

Basic Energy Services, Inc. to Report Q2, 2015 Results on Jul 30, 2015

Basic Energy Services, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 30, 2015

Basic Energy Services Revises Revenue Guidance for the Second Quarter of 2015

Basic Energy Services revised revenue guidance for the second quarter of 2015. For the quarter, the company said that it now expects revenue to be approximately 22% to 24% lower sequentially, worse than its original forecast of down 10% to 15%. The company said the worse outlook is due to drilling rig count decreases, pricing competition being greater than anticipated and unprecedented adverse weather conditions. It estimates approximately 40% of this change in revenue projection is due to weather impact that occurred subsequent to its first quarter earnings call.


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BAS Competitors

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Key Energy Services Inc $1.06 USD -0.20
Pioneer Energy Services Corp $3.80 USD -0.10
SEACOR Holdings Inc $63.21 USD -1.40
Seventy Seven Energy Inc $3.34 USD +0.24
Tidewater Inc $19.77 USD -0.17
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Valuation BAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.8x
Price/Cash Flow 1.4x
TEV/Sales NM Not Meaningful

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