Last $7.44 USD
Change Today +0.39 / 5.53%
Volume 3.3M
BAS On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

basic energy services inc (BAS) Snapshot

Open
$7.07
Previous Close
$7.05
Day High
$7.65
Day Low
$7.07
52 Week High
07/1/14 - $29.84
52 Week Low
12/12/14 - $5.01
Market Cap
311.4M
Average Volume 10 Days
2.7M
EPS TTM
$0.44
Shares Outstanding
41.8M
EX-Date
--
P/E TM
16.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for BASIC ENERGY SERVICES INC (BAS)

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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: $526.4K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $396.4K
Senior Vice President of Region Operations
Total Annual Compensation: $369.8K
Vice President of Human Resources
Total Annual Compensation: $285.6K
Vice President of Pumping Services Division
Total Annual Compensation: $292.9K
Compensation as of Fiscal Year 2013.

basic energy services inc (BAS) Key Developments

Basic Energy Services, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2014; Provides Revenue Guidance for the First Quarter and Capital Expenditures Guidance for the Full Year of 2015; Reports Goodwill Impairment Charges for the Fourth Quarter of 2014

Basic Energy Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and twelve months ended December 31, 2014. For the quarter, total revenues were $400,911,000 against $308,033,000 a year ago. Operating loss was $9,511,000 against operating income of $4,440,000 a year ago. Loss before income taxes was $26,133,000 against $12,038,000 a year ago. Net loss was $18,808,000 against $7,399,000 a year ago. Diluted loss per share was $0.45 against $0.18 a year ago. EBITDA was $50,156,000 against $58,892,000 a year ago. Adjusted EBITDA was $85,617,000 against $59,475,000 a year ago. Capital expenditures on property and equipment were $51,370,000 against $32,921,000 a year ago. For the year, total revenues were $1,491,284,000 against $1,262,904,000 a year ago. Operating income was $58,407,000 against $10,757,000 a year ago. Loss before income taxes was $7,820,000 against $55,654,000 a year ago. Net loss was $8,341,000 against $35,929,000 a year ago. Diluted loss per share was $0.20 against $0.89 a year ago. EBITDA was $276,662,000 against $221,247,000 a year ago. Adjusted EBITDA was $317,952,000 against $235,380,000 a year ago. Total capital expenditures for the full year 2014, including capital leases of $75.2 million, were approximately $309.0 million, comprised of $148.6 million for expansion projects, $153.2 million for sustaining and replacement projects and $7.2 million for other projects.  Expansion capital spending included $119.5 million for the completion and remedial services segment, $16.6 million for the fluid services segment, $10.7 million for the well servicing segment, and $1.8 million for the contract drilling segment.  Other capital expenditures were mainly for facilities and IT infrastructure.  In 2015, the company currently plans on investing approximately $100 million on capital expenditures, with approximately $28 million expected to be financed through capital leases. Effective tax benefit rate for 2015 to be around 35%, due to the forecasted net loss for the full year. Depreciation and amortization expense to be relatively flat during 2015, between $60 million and $61 million per quarter. The company expects first quarter of 2015 revenue to be down 21% to 26% sequentially as declines in activity and winter weather conditions will combine to reduce utilization. In the fourth quarter of 2014, the company concluded that the goodwill in its well servicing and fluid services segments was impaired in its entirety, and accordingly, recorded a pre-tax goodwill impairment charge of $34.7 million.

Basic Energy Services, Inc. Reports Operating Results for the Month of January 2015

Basic Energy Services, Inc. reported operating results for the month of January 2015. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 57,400 producing a rig utilization rate of 56%, compared to 60% and 67% in December 2014 and January 2014, respectively. During the month, Basic's fluid service truck count increased by seven to 1,054. Fluid service truck hours for the month were 208,100, compared to 218,200 and 207,400 in December 2014 and January 2014, respectively. Drilling rig days for the month were 275 producing a rig utilization of 74%, compared to 87% and 69% in December 2014 and January 2014, respectively.

Basic Energy Services, Inc. Presents at Credit Suisse Energy Summit 2015, Feb-26-2015 08:00 AM

Basic Energy Services, Inc. Presents at Credit Suisse Energy Summit 2015, Feb-26-2015 08:00 AM. Venue: Vail Cascade Resort & Spa, 1300 Westhaven Drive, Vail, Colorado, United States. Speakers: Roe Patterson, President & CEO.

 

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Industry Analysis

BAS

Industry Average

Valuation BAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.9x
Price/Cash Flow 1.5x
TEV/Sales NM Not Meaningful
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