Analyst Stance On Two Stocks: Basic Energy Services, Inc. (BAS), Teekay Offshore Partners L.P. (TOO)

The recently concluded session had traders exchanging Basic Energy Services, Inc. (NYSE:BAS) high level. Roughly 0.63 million shares changed hands compared to the three-month volume average 0.5 million shares. The first trade took place at $22.55 and the stock went down -4.32% to attain the closing price of $21.91.

Basic Energy Services, Inc. (BAS) Analyst Opinion

Basic Energy Services, Inc. has a consensus hold rating from 7 Wall Street analysts, and the number of shares currently sold short amount to at least 6.75% of shares outstanding. The stock sank -7.75% last month and is down -38.02 this year. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover BAS having a buy-equivalent rating. Analysts have placed a $23.58 price target on Basic Energy Services, Inc., suggesting a 7.62% gain from recent close. It’s currently trading about -93.9% below its 52-week high.

Basic Energy Services, Inc. Earnings Surprise

Basic Energy Services, Inc. (BAS) surprised the stock market in its last reported earnings when it earned -$0.24 a piece versus the consensus-estimated -$0.43. Its revenue totaled $229.98 million up 7.82% from the previous quarter.

Basic Energy Services, Inc. (NYSE:BAS) Intraday View

This stock (BAS) is ahead of its 52-week low with 56.17%. Its last month’s stock price volatility remained 6.24% which for the week stands at 5.55%. The share price has moved forward from its 20 days moving average, trading at a distance of 1.28% and stays 10.63% away from its 50 days moving average. Over the last five days, shares have managed 1.48% gains and now is down -10.27% since hitting its 200-day moving average of $21.01. Basic Energy Services, Inc. (BAS) has made its way to a 12-month decline of -91.52%.

Turning to Teekay Offshore Partners L.P. (NYSE:TOO), its shares were trading at $2.21 a retreat of $-0.1, on the trading floor. The stock, after opening at $2.3, touched a high of $2.3011 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. Teekay Offshore Partners L.P. has 3 buy ratings, 1 holds and 0 sells even after the stock tumbled -64.89% from its high of $6.30 to a $917.77 million market value through last close.

Teekay Offshore Partners L.P. (TOO) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2 to 2 during a month. Analysts set a 12-month price target of $2.94 a share. The target implies a 33.03% spike from where the shares are currently trading. Also, the current price highlights a discount of 81% to analysts’ high consensus price target.

Teekay Offshore Partners L.P. (NYSE:TOO) Intraday Trading

The counter witnessed a trading volume of 0.47 million shares versus an average volume of 0.93 million shares during last trading session. Its last month’s stock price volatility remained 4.45% which for the week approaches 5.06%. The lowest price the stock reached in the last trading day was $2.2 and compares with the $1.65 52-week low. The stock recovered 33.94% since its low point and has performed -56.32% year-to-date.

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