Current BAS Stock Info

RJ Sees Post OPEC Selloff as “Fleeting”

Raymond James announced today that it was upgrading three oil service companies’ ratings. Basic Energy Services, Inc. (ticker: BAS), Nabors Industries Ltd. (ticker: NBR) and Patterson-UTI Energy, Inc. (ticker: PTEN) all had their ratings raised from “Outperform” to “Strong Buy” today by the financial institution.

All three companies’ ratings were enhanced due to Raymond James’ belief that oil prices are in the process of bottoming and will bounce back soon. The company said, “Market fundamentals sug...

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